Leading hedge fund managers are increasingly turning to Brazil’s distressed credit market after a sharp rise in borrowing costs triggered losses across local corporate bonds.

South Korea’s main stock exchange has postponed the launch of weekly options linked to some of the country’s largest companies, citing heightened market volatility as retail-driven trading activity fuels sharp swings in local equities, according to a report by the FT.

Danny Moses, the investor best known for profiting from the 2008 financial crisis, is positioning for a potential downturn in US credit markets as signs of stress begin to emerge across parts of the economy.

Takeshi Natsuno, CEO of Japanese media and gaming group Kadokawa Corporation, has retained his board seat following a closely watched shareholder vote, despite a campaign by activist hedge fund Oasis Management calling for his removal, according to a report by Reuters.

Tycho Capital has expanded its alternatives platform with the launch of the Tycho Zazove Convertible Arbitrage Fund, a strategy managed by US-based convertible securities specialist Zazove Associates.

Multi-strategy hedge fund ExodusPoint Capital is set to hire most of the investment team from Hong Kong-based hedge fund Ovata Capital Management, according to people familiar with the matter, in a move that will expand its presence in Asia while bringing an end to one of the region’s established investment firms, in a report by Reuters.