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A panel of financial experts has urged the Federal Reserve to consider setting up an emergency facility to manage the potential unwinding of highly leveraged hedge fund basis trades – a move aimed at safeguarding the $29tn US Treasuries market from systemic risk, according to a report by Bloomberg.
Balyasny Asset Management has secured another high-profile hire, bringing on Citadel trader David Brodsky with a compensation package worth up to $50 million, according to a report by Bloomberg citing sources familiar with the matter.
Elliott Investment Management has filed a lawsuit against Phillips 66 and its board, aiming to ensure that at least four board seats remain up for election at the company’s 2025 annual shareholder meeting, as part of an ongoing activist campaign, according to a report by Bloomberg.
Emerging markets and Asian hedge funds have posted strong gains in early 2025, capitalising on heightened market volatility driven by tariff and trade uncertainty and sharp declines in tech equities and cryptocurrencies, according to the latest data released by HFR.
Citadel, the multi-strategy hedge fund led by Ken Griffin, has appointed Rafa Lopez Espinosa as the new Chief Operating Officer (COO) of its global equities business. Lopez Espinosa joins Citadel after nearly a decade at Point72, according to a report by Financial News.
Activist hedge fund Half Moon Capital is pressing cloud storage specialist Dropbox to dismantle its dual-class share structure, which currently grants CEO and co-founder Drew Houston a supermajority voting stake, according to a report by The Wall Street Journal.
Digital asset investment products saw a reversal last week, breaking a five-week streak of outflows, with inflows totalling $644m, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Katsunori Tanaka, a former Goldman Sachs analyst and now Chief Investment Officer of Ariake Capital, is capitalising on Japan’s overlooked regional banks – delivering an impressive 300% return in just three years, according to a report by Bloomberg.
Transaction Network Services, a provider of trading infrastructure for hedge funds and other investors, has launched services at the Equinix ZH4 colocation data centre in Zurich, providing ultra-low latency connectivity to the SIX Swiss Exchange.
Pleasant Lake Partners, the hedge fund led by Jonathan Lennon, has secured a capital commitment of at least $2bn – inlcuding leverage – from Millennium Management, marking a significant expansion of its investment mandate, according to a report by Bloomberg.
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