An affiliate of hedge fund Elliott Investment Management has increased its bid for PDV Holding, the US parent of Venezuela-owned refiner Citgo Petroleum, to $8.82bn amid a heated court-supervised auction in Delaware, according to a report by Reuters.
Ryan Foster, a former senior portfolio manager at Millennium Management and ex-Soros credit investor, is launching a new credit hedge fund, Extant Capital, with $200m in seed capital from New Holland Capital, a $6bn alternative investor in external funds.
Renaissance Technologies, the systematic hedge fund firm founded by mathematician and former Cold War code breaker Jim Simons, saw its difficult summer continue in July, as the quant pioneer posted further losses across key strategies, according to a report by Business Insider.
Digital assets funds returned to positive inflows last week pulling in a net $572m after early-week outflows of $1bn on weak US payroll data, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Carl Icahn’s private investment fund posted another quarterly loss in Q2, falling 0.5% and taking year-to-date declines to 8.8%, according to a report by Institutional Investor citing Icahn Enterprises’ latest filing.
Hedge funds are pivoting on energy trades, cutting long-standing bullish positions in oil stocks while easing off shorts in renewables, according to a report by Bloomberg citing new data from alternative investment analytics firm Hazeltree.
Syz Capital, the $2bn alternatives investment arm of the family-owned Syz Group, is set to reopen its bitcoin-denominated fund of crypto hedge funds, the BTC Alpha Fund, to new and existing investors from 1 October 2025 in response to growing institutional demand.
Hedge funds kicked off the second half of 2025 on a positive note, building on strong first-half gains as improving sentiment around M&A activity, global trade negotiations and the economic outlook fuelled risk-on positioning across a range of strategies, according to a data from HFR.
Menos AI, a fintech start-up founded by investment and AI veterans, has launched its flagship product—Sonαr, an intelligent research agent built specifically for hedge funds and institutional asset managers.
Lee Ainslie’s Maverick Capital is expanding for the first time in years, launching a semiconductor-focused vehicle and actively raising capital for its hedge funds – moves that mark a rare growth initiative for the $10bn firm founded over three decades ago, according to a report by Bloomberg.
Long-short equity managers outpaced other hedge fund strategies i-n July, capitalising on record equity market highs, while systematic hedge funds faltered and multistrategy platforms posted mixed results, according to a report by Reuters citing data from Goldman Sachs and other industry sources.
Starboard Value, the activist US hedge fund firm founded by Jeff Smith and Mark Mitchell, has amassed a 9.3% stake in Rogers Corporation, signalling a renewed push to unlock value at the underperforming advanced materials company, according to a report by Reuters.
Millennium Management has made its first-ever allocation to a South Korean hedge fund manager, entrusting $250m to Seoul-based Billionfold Asset Management in a separately managed account focused on Korean equities, according to a report by Bloomberg.
Quantitative hedge funds specialising in trend-following strategies are facing one of their toughest years in decades, as sharp reversals, policy shocks and sideways markets confound the models they rely on to detect and ride sustained price trends, according to a report by The Wall Street Journal.
Multi-strategy hedge funds posted mixed results in July as equity markets edged higher despite ongoing volatility, with Citadel emerging as a relative standout among peers including Schonfeld and Marshall Wace, according to a report by Business Insider.
