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Activist fund Ananym Capital – co-founded last year by veteran campaigners Charlie Penner and Alex Silver – has built a significant stake in Siemens Energy and is pressing the German group to separate its loss-making wind business, according to a report by the Financial Times.
Jack Woodruff, a former Citadel equities trader who launched Candlestick Capital in 2019, is shutting down the $2.1bn hedge fund after performance failed to meet his “extremely high standards,” according to a report by Bloomberg.
Abu Dhabi is preparing a $16bn expansion of its financial free zone, Abu Dhabi Global Market (ADGM), as global hedge funds continue to scale up in the emirate and office space hits capacity, according to a report by Bloomberg.
Jefferies Financial Group has agreed to buy a 50% stake in Hildene Holding, a credit-focused asset manager with over $18bn in assets under management, as part of a broader strategic expansion, according to a report by Bloomberg.
Dmitry Balyasny, CEO and managing partner at multi-strategy hedge fund firm Balyasny Asset Management, which has $31bn in AUM, has identified artificial intelligence as the largest tail risk heading into 2026, according to a report by Reuters.
Trading Technologies International, Inc, a global capital markets technology platform services provider, has expanded its sales team in London with the hiring of Rajiv Shah as head of sales, EMEA. Shah, who will lead sales in Europe, the Middle East and Africa (EMEA), has over 25 years of experience in financial technology.
Sequoia Capital Global Equities, the $9bn hedge fund affiliated with venture giant Sequoia Capital, has moved to a multi-leadership model following a series of performance and cultural challenges, according to a report by the Wall Street Journal.
Brevan Howard has grown its Abu Dhabi operation to 150 employees just two years after opening in the emirate, founder Alan Howard told delegates at Abu Dhabi Finance Week on Monday – signalling the firm’s deepening commitment to the region, according to a report by Reuters.
Hedge funds have sharply increased their use of leveraged US interest-rate swap trades as the traditional cash-futures basis trade loses momentum, the Bank for International Settlements has warned, according to a report by Bloomberg.
Saba Capital’s flagship fund is on track for a disappointing year, with the $1.9bn vehicle down 6.5% year-to-date to 21 November, extending a multi-year period of weak performance for the credit-focused strategy, according to a report by the Financial Times.
