Prominent hedge fund figures, including Pershing Square Founder and long-time Donald Trump supporter Bill Ackman, have come out forcefully against the President’s sweeping new tariffs, warning that the looming trade regime risks inflicting significant damage on financial markets and the US economy, according to a report by Bloomberg.

Helge Lund, Chair of BP, is planning to step down from his role by 2026, as activist hedge fund Elliott Management intensifies pressure on the UK energy major for deeper structural and strategic change, according to a report by Reuters.

The founders of collapsed crypto hedge fund Three Arrows Capital, Zhu Su and Kyle Davies, have launched a legal bid to dismiss court summonses issued by the fund’s liquidators, according to a report by Business Times.

Elliott Management has intensified its activist campaign against US oil refiner Phillips 66, formally launching a proxy battle and nominating four directors to the company’s board in a bid to accelerate sweeping operational and governance changes, according to a report by the Financial Times.

March’s market volatility upended returns for some of the world’s largest hedge funds, with systematic and nimble multi-strategy funds emerging as the biggest winners, while larger, equity-focused firms suffered losses, according to a report by Reuters citing a client note from UBS.

Bradley Wickens, Founder and Chief Investment Officer of macro-focused hedge fund Broad Reach Investment Management, has issued a stark warning to investors: the current market downturn is far from over, according too a report by the Wall Street Journal.

Hedge funds are dialling down risk and pulling back from aggressive positioning as the shock of sweeping new US tariffs ripples through global markets, leaving even seasoned managers questioning whether it’s time to sit on the sidelines, according to a report by Bloomberg.