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An affiliate of Elliott Investment Management has been recommended as the winning bidder in a US court-supervised auction of shares in the parent of Venezuela-owned Citgo Petroleum, with a $5.89bn offer, according to a report by Reuters citing filings released on Friday.
Convertible arbitrage is emerging as one of 2025’s standout hedge fund strategies, with managers capitalising on a rare alignment of stable credit markets and elevated single-stock volatility, according to a report by Bloomberg.
Ning Jin, the former CIO of Viking Global Investors, is preparing to debut his long-awaited hedge fund spin-out, Avantyr Capital, with a team of nearly 20 professionals and more than $1bn in anticipated launch capital, according to a report by Business Insider.
Activist hedge fund Parvus Asset Management, which manages about $11bn and counts Chris Hohn’s TCI Fund Management among its minority investors, has moved core investment management activities from London to Jersey, according to a report by Bloomberg.
Elliott Investment Management has taken a significant active stake in Rexford Industrial Realty, making the hedge fund one of the top five investors in the $9.9bn Los Angeles-based REIT, according to a report by Bloomberg citing unnamed people familiar with the matter.
Point72 Asset Management has hired Shinji Ogawa, a senior equities executive from JPMorgan, as its new Head of Japan amid intensifying competition for talent in one of the world’s most active hedge fund markets, according to a report by Bloomberg.
TOP STORY: New York-based hedge fund ValueWorks has significantly increased its stake in Danish offshore wind developer Orsted A/S, seizing on this week’s record share price slump as a buying opportunity, according to a report by Bloomberg.
Hedge funds in Europe are seeing renewed investor demand as allocators shift exposure away from the US amid heightened policy uncertainty and tariffs, according to a report by Reuters citing BNP Paribas’ latest Hedge Fund Outlook survey.
New York-based hedge fund firm Walleye Capital has appointed Portfolio Managers Jared Baker and Conor McDonnell to lead a new financial sector equities investment strategy as the $8bn manager continues to refine its multi-strategy platform, according to a report by Bloomberg.
Activist investor Plantro Ltd has called on Canadian tech and services group Calian to consider a sale of all or part of its business, arguing that the company’s undervalued shares could benefit from a strategic reset, according to a report by Bloomberg.
