The CLOser September 2025 edition includes:
US and European CLO Market Reviews
Listings Update
Our ‘Bringing You CLOser’ to the inside market review courtesy of Josh Eisenberger and Michael Lin, at Sculptor Capital Management, Inc. Josh and Michael
Bridgewater Associates has chosen five finalists from five countries for its “Forecasting the Future” talent initiative, offering $25,000 awards and potential employment opportunities at the $92bn macro hedge fund, according to a report by Reuters.
TOP STORY: Activist Elliott Investment Management’s proposal to spin-off PepsiCo’s global bottling operations as part of its plan to increase shareholder value, could face opposition from other investors in the business, according to a report by Reuters.
Soren Gandrud, a former healthcare Portfolio Manager at Millennium and Citadel, is launching his own hedge fund, Jones Hill Capital, with backing from $12bn multi-strategy firm Walleye Capital, according to a report by Business Insider.
US activist hedge fund Greenlight Capital has called on Brighthouse Financial Inc to move forward with a potential sale to Aquarian Holdings, in a deal that would value the insurer at around $70 per share, according to a report by
Risk-parity strategies, long associated with Bridgewater Associates founder Ray Dalio and often viewed as lagging, are seeing a notable rebound in 2025, with multi-asset funds following the approach returning 12–15%, according to a report by Bloomberg.
Activist investor Anson Funds Management is pressing outdoor advertising specialist Clear Channel Outdoor Holdings to consider a sale, according to report by Bloomberg citing unnamed sources. The firm, which owns roughly 3.6% of Clear Channel, has communicated its views directly
Quant-focused investment firm Squarepoint is expanding into physical metals trading, combining its data-driven strategies with traditional commodity operations to compete with established players like Glencore and Trafigura, according to a report by Bloomberg.
Fasanara Capital has now raised $100m in its hybrid One Fasanara (F-ONE) offering, which combines tactical private credit and crypto strategies since its launch in January 2025. The strategy gained 7.9% in the first-half of 2025, according to sources.
BNP Paribas has named Eric Nelson as Head of US Hedge Fund and Asset Manager Sales for the Americas, as the bank looks to deepen relationships with top clients across its equity derivatives franchise, according to a report by Alternatives
