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Qin Xiao, the former Co-Head of Goldman Sachs’ global commodities trading unit, has raised around $1bn from Millennium Management to seed his new hedge fund, Nexus Commodities Capital Management, according to a report by Bloomberg.
Tiger Global Management gained 2.8% in July, bringing year-to-date returns to 7.5%, but still lags behind several fellow “Tiger Cub” hedge funds, according to a report by Bloomberg citing unnamed people familiar with the numbers.
Federal prosecutors in New York have charged former Jefferies hedge fund manager Jordan Chirico with fraud over the alleged misuse of almost $100m in fund assets tied to a now-bankrupt water-vending machine business, according to a report by Bloomberg.
Tiger Cub hedge fund Coatue Management, led by Philippe Laffont, built a major new stake in Oracle worth more than $843m, while expanding positions in leading AI names during Q2, according to a report by CNBC citing the firm’s latest 13F filing.
Activist investor Starboard Value lifted its stake in Salesforce by nearly 50% in Q2, signalling a possible revival of pressure on the $223bn cloud software giant, according to a report by Reuters citing the firm’s latest 13F filing.
Rob Citrone’s Discovery Capital has continued its strong performance in 2025, with the Discovery Global Opportunity fund posting a 4.2% return in July and lifting year-to-date gains to 17.5%, according to a report by Financial News citing unnamed sources.
The world’s largest hedge funds, including Bridgewater Associates and Tiger Global Management, sharply increased their exposure to Big Tech in Q2, reversing earlier caution and doubling down on the AI-driven market rally, 13F filings show, according to a report by Reuters.
Hedge fund Brevan Howard has ramped up its exposure to bitcoin, almost doubling its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) in Q2 amid a wider buying spree by institutional investors, according a report by Fidelity citing the latest 13F filings.
Third Point Investors Limited shareholders have approved the fund’s merger with Cayman-based Malibu Life Reinsurance SPC, paving the way for billionaire Daniel Loeb’s London-listed vehicle to pivot from listed equities to annuities and credit strategies, according to a report by Reuters.
Activist hedge fund Sachem Head Capital Management has taken a new stake in consumer healthcare group Kenvue, building a 10.6m share position worth roughly $223m at quarter-end, according to a report by Reuters citing the firm’s latest 13F filing.
