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Tycho Capital has expanded its alternatives platform with the launch of the Tycho Zazove Convertible Arbitrage Fund, a strategy managed by US-based convertible securities specialist Zazove Associates.
Millennium Management has hired a senior credit trader from Tower Research Capital, according to reports, marking another example of the continued competition for talent between hedge funds and proprietary trading firms.
Multi-strategy hedge fund ExodusPoint Capital is set to hire most of the investment team from Hong Kong-based hedge fund Ovata Capital Management, according to people familiar with the matter, in a move that will expand its presence in Asia while bringing an end to one of the region’s established investment firms, in a report by Reuters.Â
A new generation of hedge fund managers is turning to artificial intelligence to compete with some of the industry’s largest and most established firms, using AI agents to automate research, generate investment ideas and streamline portfolio analysis, according to report by Bloomberg.Â
Coatue Management founder Philippe Laffont is positioning one of his largest artificial intelligence bets around semiconductor equipment suppliers rather than chipmakers themselves, arguing that the sector offers a more attractive way to gain exposure to the AI buildout, according to a report by CNBC.
Energy-focused hedge fund manager e360 Power has adopted a more conservative trading approach after closing its flagship fund following losses and investor redemptions tied to volatile US natural gas and power markets, according to a report by Bloomberg.
SPS Commerce is evaluating a potential sale of the business following increasing pressure from activist shareholders, according to a report by Reuters.
UK fixed income investors now have access to a single consolidated view of bond trading activity following the launch of the country’s long-awaited consolidated tape, a move expected to improve market transparency and support further growth in electronic trading, according to a report by Bloomberg.
Hedge fund positioning in crude oil turned increasingly bearish in the run-up to diplomatic progress between the US and Iran, with investors building short exposure ahead of signs of easing geopolitical tension that later helped pressure energy markets lower, according to a report by Bloomberg.
The SS&C GlobeOp Forward Redemption Indicator measured 1.72% in June 2026, up slightly from 1.52% in May, but down 24% from the 2.27% recorded in June 2025, highlighting continued investor confidence in hedge funds despite a volatile macroeconomic backdrop.
