Latest News
Pierre Andurand’s flagship hedge fund has extended its steep drawdown in 2025, with the Andurand Commodities Discretionary Enhanced fund falling approximately 12.7% in the first three weeks of June, bringing YTD losses to around 60%, according to a report by Bloomberg.
Claire’s Stores Inc, the tween-focused jewellery and accessories chain backed by hedge funds Elliott Management and Monarch Alternative Capital, is exploring a potential sale amid rising financial strain and mounting tariff-related import costs, according to a report by Bloomberg.
James Elford, the former Chief Technology Officer of crypto-focused, crowdsourced hedge fund Numerai, has joined proprietary trading firm DRW as a Senior Research Engineer in London, according to a report by eFinancial Careers.
A group of hedge funds, including Palladian Partners, is seeking US court recognition of English court rulings that hold Argentina liable for €1.5bn in GDP-linked warrants, as Argentina eyes renewed access to global capital markets, according to a report by Reuters.
Citadel has hired William Dealtry, a key contributor to ArcticDB, the low-latency time series database developed in-house by Man Group, marking the second high-profile engineering defection from the London hedge fund’s prized technology unit, according to eFinancial Careers.
BP Plc is weighing former Centrica CEO Sam Laidlaw and ex-BHP chair Ken MacKenzie as potential successors to outgoing chairman Helge Lund, amid an ongoing activist campaign from hedge fund Elliott Management, according to a report by Sky News.
Andon Hong Kong Ltd, the investment arm of Chinese medical device maker Andon Health Co, is expanding its global alternatives footprint with the opening of a New York office, marking a significant move into hedge fund and private market investing, according to a report by Bloomberg.
A group of former crypto hedge fund executives are aiming to raise $100 to build the first publicly traded company with the BNB token as its core treasury asset — a novel twist on the bitcoin balance sheet strategy pioneered by MicroStrategy, according to a report by Bloomberg.
Arini Capital Management, the hedge fund firm run by Hamza Lemssouguer, has secured a $200m anchor commitment from British Columbia Investment Management Corp for its new Europe-focused private credit fund, launched in partnership with Lazard Inc, according to a report by Bloomberg.
The FTX estate is pushing back hard against a $1.5bn claim filed by collapsed crypto hedge fund Three Arrows Capital (3AC), calling it a “fantasy” built on misrepresented account balances and reckless leverage, according to a report by DLNews.
