Voya Faces TOMS Capital Pressure to Explore Break-Up or Sale
Voya Financial, a $1 trillion pension and insurance platform, is under pressure from activist hedge fund Toms Capital to explore a sale or breakup. The activist’s focus is on Voya’s health‑insurance stop‑loss unit, which posted an operating loss of roughly $10 million in Q4 2025. Despite $360 billion in actively managed assets and solid inflows, Voya’s share price has stagnated, leaving its market value around $7 billion. The push comes amid a wave of asset‑management consolidation, with Q1 M&A activity topping $25 billion.
Trading Academy Unveils Advanced Hedge Fund Training Programme
Trading Academy has launched an Advanced Hedge Fund Strategies and Tactics programme that immerses participants in the full investment lifecycle, from strategy development to risk management, under live market conditions. The curriculum blends theory—covering market microstructure and portfolio theory—with hands‑on...
Kirkoswald Introduces Extended Lock-Up Share Class
Kirkoswald Capital has launched a new share class featuring an extended lock-up period of 24 months, up from the standard 12-month term. The class requires a minimum investment of $1 million and offers a 0.5‑percentage‑point reduction in management fees. By tightening...
Exclusive: Inside Galaxy’s $100m Push Into Digital Assets and AI-Driven Equities
Galaxy Digital announced a new $100 million hedge fund led by Joe Armao that blends long‑short equity, late‑stage private investments, digital assets and capital‑structure plays. The fund leverages the firm’s $17 billion asset base and targets AI‑driven disruption, tokenisation and short opportunities...
FengHe Employs Unconventional Model to Outperform Markets
FengHe Fund Management, co‑founded by Matt Hu, has surged to nearly $9 bn in assets by March, more than doubling in the past 15 months, and is targeting $20 bn within two years. The Singapore‑based long‑short equity hedge fund uses a highly...
Hedge Funds Post First Quarterly Loss Since 2022 as Q1 Volatility Hits Returns
Global hedge funds recorded a weighted‑average loss of 1.4% in Q1 2026, ending a 13‑quarter streak of positive returns across roughly $1.3 trillion of assets administered by Citco. Event‑driven, multi‑strategy and equity‑focused strategies posted the steepest declines, while global macro, commodities...
Quant Veteran Cautions Against Full AI Control in Hedge Fund Trading
Martin Lueck, co‑founder of Aspect Capital, warned that giving hedge‑fund trading decisions entirely to AI threatens transparency and risk management. He insists on clear, testable hypotheses behind each position and refuses to allocate capital to opaque models. While AI and...
Man Group AUM Flat in Q1 as $6.1bn Client Redemption Weighs on Growth
Man Group reported flat assets under management in Q1 after a $6.1 billion client redemption, underscoring pressure on traditional hedge‑fund models. Meanwhile, digital‑assets funds attracted a net $1.4 billion of new capital, and commodity traders logged windfall gains as Iran‑related market turmoil...
Commodity Traders Post Windfall Gains Amid Iran Conflict-Driven Market Turmoil
Commodity trading houses are logging multi‑billion‑dollar gains as the Iran conflict fuels extreme volatility in oil, copper and gold markets. Vitol alone is estimated to have earned about $2 bn in the first quarter, while Trafigura, Gunvor and Mercuria report record‑level...
Exclusive: Fulcrum’s Asset Diversification From a Large Macro Fund to a Multi-Investment Platform.
After 21 years as CIO, Suhail Shaikh has steered Fulcrum Asset Management from a single‑strategy macro fund to a multi‑investment platform that spans commodities, market‑neutral equities, dispersion, quant and illiquid assets. The shift reflects a belief that relying on a...
Jain Global Expands London Quant Team
Jain Global announced a significant expansion of its London quantitative team, hiring five senior researchers, including a former Balyasny analyst to spearhead a new commodities quant desk. The London office now hosts 12 quant specialists, boosting its capacity to develop...
Hedge Funds Are Back in Favour. Getting an Allocation Is Another Matter
Hedge funds are regaining favor as volatility and market dispersion rise, but allocating to them now demands stricter criteria. UBP’s Kier Boley outlines a new allocation framework that separates passive beta, strategy alpha and unique alpha, insisting on differentiated returns....
Asia Hedge Funds Hit with Loses Prior to Ceasefire
Asian hedge funds recorded broad losses in March as the US‑Israel‑Iran conflict sparked sharp market swings. Macro‑focused funds such as Trivest Advisors’ China strategy fell over 10%, the steepest monthly drop on record, while equity‑oriented funds slipped mid‑single‑digit percentages. Despite...
Hedge Fund Hiring Wars Escalate as “Interception Trades” Drive Record Pay Packages
Hedge funds are intensifying talent wars by intercepting candidates who have already accepted rival offers, a practice dubbed “interception trades.” Compensation for star traders has surged, with some packages topping $100 million when guarantees and incentives are included. To curb poaching,...
Citadel HR Chief Exits
Citadel Securities' chief human‑resources officer, Karen Smith, announced her departure after six years, citing personal reasons. Smith oversaw a rapid expansion of the firm's talent pipeline, scaling the workforce from 1,200 to over 2,000 employees amid a competitive hiring market....