Balyasny Asset Management delivered a 2.5% gain in November, bringing year-to-date performance to 15.3%, according to a report by Reuters. The $31bn multi-strategy manager has been ahead of many of its competitors through the first 10 months of the year.

Lauro Asset Management’s David Mercurio has criticised what he called “timid” leadership after Greggs’s shares fell 44% this year, valuing the company at £1.6bn, with almost 10% of the stock is now on loan to short sellers, according to a report by The Sunday Times. Lauro, previously backed by GIC, is one of Greggs’s largest shareholders, and City sources say its concerns mirror those of other long-term investors.

Boaz Weinstein has revived his effort to replace the board of the Edinburgh Worldwide Investment Trust, less than a year after shareholders rejected similar proposals from his firm, Saba Capital Management, according to a report by Bloomberg.

Hedge funds ramped up bearish positions on UK domestically focused equities in the run-up to Wednesday’s Budget, according to a report by Reuters citing a Goldman Sachs client note circulated prior to Chancellor Rachel Reeves’s statement.

Ray Dalio, founder of Bridgewater Associates, has raised serious reservations about the viability of the “pod-shop” or multistrat hedge fund model over the long term, telling Bloomberg’s Odd Lots podcast that while it may work for investment management, it is “not a fine way for building a 50-year-old business.”

Hedge funds and institutional investors are continuing their legal challenge to 3G Capital’s $9.4bn acquisition of Skechers USA Inc, after early settlement talks over the value of the footwear maker fell through, according to a report by Bloomberg.

Activist hedge fund Elliott Management has taken a significant position in Barrick Gold, making it one of the miner’s top ten shareholders with a holding likely worth over $1bn, according to a report by the Financial Times.