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Millennium Management was among the prominent hedge fund participants in Contemporary Amperex Technology Co Ltd’s (CATL) $5bn share placement, underlining strong alternative investor appetite for one of Asia’s largest equity capital markets deals this year, according to a report by Bloomberg.
Multi-strategy hedge fund major Citadel has received regulatory approval to begin operating in Dubai, marking a significant step in its expansion into one of the fastest-growing global centres for hedge fund activity, according to a report by Bloomberg.
Citadel founder and CEO Ken Griffin is set to meet New York State Governor Kathy Hochul on Thursday, as tensions continue to build over proposed tax changes targeting high-value second homes in New York City, according to a report by Reuters.
New York City Mayor Zohran Mamdani is seeking to reduce a widely used tax benefit for hedge funds, private equity firms and other high-income business partnerships as part of efforts to close a widening municipal budget gap.
TOP STORY: President Donald Trump has nominated G Hunter McMaster II, a former executive at hedge fund Key Square Group, to serve as Assistant Treasury Secretary for Financial Markets, formalising a role he has already been effectively carrying out since mid-2025, according to a report by Bloomberg.
Activist hedge fund Starboard Value has taken a sizeable stake in software observability group Dynatrace and is pressing management to unlock greater shareholder value through higher margins and more aggressive capital returns, according to a report by Reuters.
Systematic commodities trader Steffen Hippler, who joined Qube Research & Technologies in January 2026 after leaving the now-defunct Eisler Capital, has left the firm just weeks later according to a report by eFiancial Careers citing a the UK Financial Conduct Authority register.
Bill Ackman’s Pershing Square has raised $5bn through its combined initial public offering, advancing a long-term plan to reshape the hedge fund manager into a permanent capital investment platform inspired by Berkshire Hathaway, according to a report by Bloomberg.
Ken Griffin, founder of hedge fund Citadel and market-making firm Citadel Securities has cautioned that wealthy investors may not fully understand the risks embedded in private credit, particularly the limitations on accessing capital during periods of market stress, according to a report by the Financial Times.
Spirit Airlines’ efforts to secure a $500m US rescue financing package have hit a roadblock, with key creditors – including hedge fund giant Citadel – resisting proposed terms, according to a report by Bloomberg News.
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