Elliott Management’s proposed acquisition of Venezuela-owned US refinery Citgo has been thrown into uncertainty following President Donald Trump’s removal of Nicolás Maduro, raising fresh political and regulatory risks for the hedge fund’s $8bn investment, according to a report by the Financial Times.

Distressed-debt specialists Oaktree Capital Management and Anchorage Capital have acquired positions in First Brands Group’s debtor-in-possession financing as the auto parts supplier races to secure additional liquidity, according to a report by Bloomberg.

Frontier markets are emerging as a key opportunity for investors in 2026, according to a report by Bloomberg citing Jens Nystedt, Chief Investment Officer, Long-only funds at hedge fund Kirkoswald Asset Management.

Hong Kong-based hedge fund Gen2 Partners Ltd has filed a claim seeking over $137m in damages from Samsung Securities Co, Samsung Hedge Asset Management Co, and Samsung Securities (Asia) Ltd, according to a report by Bloomberg.

Elliott Investment Management has increased its stake in Toyota Industries Corp to 6.7% from 5%, intensifying its campaign for a higher valuation in the Japanese manufacturer’s proposed privatisation, according to a report by Bloomberg.

Millennium Management is establishing a standalone credit trading business, separating it from its broader fixed income division, in a move reflecting continued evolution at the $83.4bn multi-strategy hedge fund, according to a report by Bloomberg.

Bridgewater Associates, the world’s largest hedge fund firm, said it remains positive on Chinese equities in 2026 after a strong rally in local markets helped its onshore hedge fund deliver its best performance in at least five years, according to a report by Bloomberg.