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Global hedge funds are preparing for potential market turbulence as speculation mounts that Donald Trump may push Federal Reserve Chair Jerome Powell to leave office before his term ends in 2026, with managers favouring short-duration bonds, convertibles, and dollar shorts, according to a report by Reuters.
A record-breaking year for prime brokerage revenues, forecast to exceed $30.8bn in 2025, is sparking a push by European banks to claim a bigger share of the booming market – despite recent high-profile blowups and rising regulatory scrutiny, according to a report by Bloomberg.
Hedge funds have net bearish on the Japanese yen for the first time in nearly four months, ahead of a Sunday’s upper house election, which saw Japan’s ruling coalition lose its majority, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Merger arbitrage hedge funds including Citadel Advisors, Adage Capital Management, and HBK Investments, are cashing in on one of the year’s most lucrative event-driven plays, as Chevron’s long-delayed $53bn acquisition of Hess Corp finally closed, according to a report by Bloomberg.
Global hedge fund assets under management climbed to an all-time high of $4.74tn in Q2 2025, fuelled by the largest quarterly inflows since 2014, as institutional investors poured nearly $25bn into the sector, according to the latest HFR Global Hedge Fund Industry Report.
Terebinth Capital’s FI Macro FR Retail Hedge Fund has delivered a 12.4% return over the 12 months to the end of May, outperforming its benchmarks — the Short-Term Fixed Interest Composite Index (Stefi) at 8.1% and the FTSE/JSE All Bond Total Return Index (Albi) at 7.72%, according to a report by CityWire.
The University of California’s $190bn investment arm has exited hedge funds entirely, finalising a wind-down that began in 2020, and delivering a stinging critique of the industry’s failure to protect capital during key market crises, according to a report by the Financial Times.
Balyasny Asset Management is ramping up its data capabilities with a string of high-profile hires from rivals including Citadel and Morgan Stanley, as hedge funds increasingly compete for talent once dominated by tech giants and electronic trading firms, according to a report by eFinancial Careers.
US brokerage firm Clear Street is ramping up its UK operations with a major push into outsourced trading and synthetic prime brokerage, targeting a growing pool of under-serviced hedge funds and asset managers, according to a report by Financial News.
Goldman Sachs’ second-quarter earnings delivered a clear message – its bet on hedge fund clients is paying off in a big way, as the investment bank posted record equity trading of $4.3bn, according to a report by Bloomberg.
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