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Citadel’s decision to ask some members of its Hong Kong-based global quantitative strategies (GQS) team to relocate was part of a global strategy to bring teams closer together and not related to concerns over data security, as claimed in a Financial Times report on Wednesday.Â
Hedge funds heavily exposed to AI hardware stocks, including Point72, Whale Rock Capital Management and Seligman Investments, posted some of their strongest returns in decades during April, according to a report by the Wall Street Journal citing data from PivotalPath.
US equities closed at fresh record highs on Wednesday as gains in major technology stocks outweighed renewed concerns over inflation and the prospect of higher-for-longer interest rates from the Federal Reserve, according to a report by Bloomberg.
Skechers USA has reportedly increased its offer to hedge funds and other institutional investors challenging the valuation of the company’s $9.4bn take-private acquisition by 3G Capital, as litigation surrounding the deal continues in Delaware, according to a report by Bloomberg.
Volatility-focused hedge fund firm QVR Advisors is closing its investment fund and seeking to sell its management business after a sharp downturn in performance and sustained investor withdrawals, according to a report by Bloomberg.
Odey Asset Management founder Crispin Odey has settled a series of civil personal injury claims relating to allegations of sexual assault, bringing to a close another major legal dispute involving the former fund manager, according to a report by the Financial Times.
Morgan Stanley has upgraded its outlook for US equities, citing stronger-than-expected corporate earnings and continued economic resilience as key drivers behind its increasingly constructive stance on the market, according to a report by Bloomberg.
Hedge funds delivered robust returns in April 2026, while investor allocations continued to rise into May, according to the latest data from SS&C Technologies, with the SS&C GlobeOp Hedge Fund Performance Index recorded a gross return of 3.74% for the month.
Trian Fund Management, led by activist investor Nelson Peltz, is seeking external financing partners for a potential bid to take fast-food chain Wendy’s Company private, according to a report by the Financial Time citing unnamed people familiar with the discussions.
Quantitative hedge fund Capital Fund Management has opened a new office in Shanghai, marking a further step in the firm’s expansion into China as its assets under management rise above $27bn, according to a report by Bloomberg.
