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Cubic Corp, the transport technology and defence services group backed by Elliott Investment Management and Veritas Capital, has informed lenders that it intends to defer an upcoming interest payment as it seeks to manage near-term liquidity, according to a report by Bloomberg.
Ken Griffin’s multi-strategy hedge fund major Citadel is moving into industrial metals trading as record prices and heightened market volatility draw increased hedge fund interest into the sector, according to a report by Bloomberg.
Daniel Loeb’s hedge fund Third Point is preparing to launch a new activist campaign against real estate data provider CoStar Group, marking the firm’s first major public activism push in nearly three years, according to a report by Reuters.
London-based prime broker GBM Securities has appointed Maria Antsupova as its new Head of Global Markets Operations, strengthening its operational leadership as the firm continues to expand its institutional prime brokerage offering, according to a report by Finance Magnates.
BNP Paribas has appointed Peter Herrlin as Global Head of Hedge Fund Services, marking a key leadership move for the bank’s Securities Services business. Herrlin will be based in London and assumes responsibility for the Hedge Fund Services client line and delivery teams worldwide.
Sage Capital Management has expanded its offering for institutional investors, evolving from a crypto prime broker into a full-service operating system for digital assets, including the launch of a private banking service for hedge funds and other asset managers.
Kyma Capital, the London-based hedge fund founded by former GSO Capital Partners investor Akshay Shah, delivered net returns of around 48% in 2025, driven by a series of successful distressed debt investments, according to a report by Bloomberg.
Verition Fund Management has shut down a trading team led by former Goldman Sachs executives Sina Lashgari and Jon Paul, following a period of underperformance, according to a report by Bloomberg citing unnamed people familiar with the matter.
Bridgewater Associates has warned that rising government spending and near-term inflation pressures linked to AI are creating an increasingly challenging outlook for global bond markets, prompting the hedge fund to favour equities over fixed income, according to a report by Bloomberg.
Shares in BH Macro Limited closed sharply higher in trading late on Monday following an announcement from its investment manager, Brevan Howard, regarding a new private fund launch, according to a report by Quoted Data.
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