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Class A creditors, which include hedge funds Elliott Management and Silver Point Capital, are spearheading a £10bn ($13.5bn) restructuring plan to rescue Thames Water, the UK’s largest water utility, as the company teeters on the edge of insolvency, according to a report by Bloomberg.
Intel
Man Group has instructed around 150 of its London-based quants to return to the office five days a week for a temporary period, as its flagship systematic arm, AHL, grapples with a stretch of disappointing performance, according to a report by the Financial Times.
Awards
Hedgeweek has announced the winners of the Global Digital Assets Awards 2025, which recognise fund performance and service provider excellence in digital assets. The awards were presented at an exclusive ceremony and networking event today, 5 June, at etc.venues, County Hall, London.
Event – London
The Hedgeweek® Digital Assets Summit 2025, which is designed to deliver insights and strategic guidance for growth, focusing on native crypto fund managers, hedge fund managers, institutional investors and their service providers, is taking place today, 5 June, at etc.venues at County Hall in London.
Intel
Arini, the $9bn credit-focused hedge fund founded by former Credit Suisse star trader Hamza Lemssouguer, is planning to open an office in Abu Dhabi as part of a broader strategic expansion into the Middle East, according to a report by Bloomberg.
Intel
David Snoddy, a former head of Tiger Management’s Tokyo office, is preparing to launch a new activist-oriented Japan equity strategy under his firm Nezu Asia Capital Management, targeting undervalued listed companies with strong fundamentals and excess capital, according to a report by Bloomberg.
Event
In the lead-up to the Digital Assets Summit 2025, Hedgeweek® sat down with Lisa Tyshchenko (pictured), Associate Director at CoinShares, to discuss the future of digital assets and what’s needed to bring them into the mainstream.Â
Intel
TOP STORY: Several of the world’s largest multi-strategy hedge funds – including Citadel’s flagship Wellington fund and Millennium Management – delivered only modest returns in May, trailing the broader equity market rebound led by the S&P 500, which gained 6.2%, its strongest monthly performance since November 2023, according to a report by Business Insider.
Intel
Major hedge funds presented a globally diversified slate of investment ideas at this year’s Sohn Hong Kong Investment Conference, with picks ranging from China’s autonomous driving sector and India’s healthcare market to South Korea’s nuclear infrastructure buildout, according to a report by Reuters.
Intel
China-based hedge fund Evolution Asset Management’s flagship fund Multi-Strategy No1 is up almost 20% YTD, and has now returned a staggering 1,485% since inception in 2015, according to a report by Bloomberg citing data from Shenzhen PaiPaiWang Investment & Management Co.
