Multi-strategy hedge fund Schonfeld Strategic Advisors has seen a shake-up across its senior technology ranks, with several high-level departures offset by new hires as the firm continues to invest in its trading infrastructure, according to a report by eFinancial Caeers.
A US court has given a boost to activist investor Elliott Investment Management’s bid for Citgo Petroleum’s parent company, PDV Holding, through an ongoing court-ordered auction of shares, according to a report by Reuters.
Credit-focused hedge fund firm Daimeter Capital Partners and private investment firm Apollo Global Management haver closed short positions against the debt of First Brands Group, the heavily leveraged US auto-parts maker, according to a report by Bloomberg.
Activist hedge fund Saba Capital has disclosed a 14.1% holding in Smithson Investment Trust (SSON), the £1.6bn global smaller companies fund managed by Terry Smith’s Fundsmith, intensifying pressure on the underperforming vehicle, according to a report bay Quoted Data.
LSEG D&A has launched REDI on Workspace, embedding execution management directly into its flagship platform, LSEG Workspace, marking a significant milestone in unifying front-office workflows for investment professionals.
Shares in Workday jumped nearly 9% on Wednesday after activist hedge fund Elliott Management disclosed a stake worth more than $2bn in the HR software provider, while publicly endorsing its leadership team, according to a report by Reuters.
Man Group, the world’s largest publicly listed hedge fund manager, has entered the US ETF market with the launch of its first standalone products — a move that brings hedge fund-style credit strategies to a broader investor base.
Hedge funds continued their strong performance in August, returning 2.3% and bringing year-to-date gains to 14.1%, according to the latest monthly Hedge Fund Update report Citco, the e world’s largest hedge fund administrator, managing over $1tn in AUA.
DE Shaw & Co, the New York-headquartered tech-driven hedge fund giant, is raising $3bn–$5bn for its new Cogence Fund, marking the firm’s first multi-strategy hedge fund run entirely by human traders rather than algorithms, according to a report by Bloomberg.
The US Securities and Exchange Commission has postponed new hedge fund disclosure requirements by a year, with Chair Paul Atkins confirming that private funds will now have until 1 October 2026 to comply with additional reporting under Form PF.
