US government bonds came under sharp pressure on Monday, as hedge funds aggressively unwound risk and investors sought the safety of cash, triggering one of the steepest selloffs in Treasuries since the height of the Covid-19 crisis, according to a report by the Financial Times.

Hedge funds recorded their largest-ever one-day net sales of global equities following President Donald Trump’s sweeping announcement of new tariffs, according to a report by Bloomberg citing data from Goldman Sachs’ prime brokerage unit — marking a historic moment in hedge fund positioning.

Anson Funds has formally named its slate of three director candidates in an ongoing push to overhaul the board at Match Group, the parent company of popular dating platforms Tinder, Hinge, and OkCupid, according to a report by Reuters.

A growing number of hedge funds are considering cutting their fees in response to prolonged underperformance and mounting pressure from investors, according to new data released by hedge fund and family office prime brokerage IG Prime.

Fundamental long-short equity hedge funds were hit hard last week, with Goldman Sachs reporting a 4.7% decline over Thursday and Friday alone — marking one of the sharpest two-day drawdowns for the strategy in recent years, according to a report by Bloomberg.

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.