Single-client hedge funds (SMA) attract growing share of capital... [more]The biggest multi-manager hedge funds are allocating more capital to separately managed accounts, with Goldman Sachs estimating SMA hedge fund assets reached USD255bn at the end of 2025, up 20% from 2024. SMA assets have grown at an annual rate of 13% over the past decade versus 5.5% for the broader

The golden age of capital formation specialists... [more]Jensen Partners argues that capital formation has evolved from a supporting fundraising function into a strategic role at the center of GP-LP relationships. Leading capital raisers increasingly interpret investor sentiment, anticipate changes in LP priorities and feed market intelligence back to inv

Citadel's latest big hire: A top investor recruiter who's joining for the third time... [more]Citadel is bringing Matt Giannini back for a third stint at the USD76bn hedge fund, where he is expected to contribute to the continued expansion of its equities business. Giannini is joining from Walleye Capital, where he served as COO of the equity long-short business, and is expected to start at

Hedge fund talent war set to push analyst pay above $10m... [more]Former Millennium portfolio manager Ryan Walsh says hedge fund analysts are significantly under-pricing themselves as competition for investment talent intensifies. The continued expansion of large multi-manager platforms and competition for proven investment professionals is pushing compensation hi

Citadel, the hedge fund, paid an average of $1.2m in London last year, and hired investment staff... [more]Citadel increased its London investment headcount in 2025 while average compensation across its UK operations reached about USD1.2m. Citadel Management (Europe) II, which employs investment staff, paid an average USD2m per head, while 24 London partners shared USD337m in profits, an average of about

Things are finally looking up for UK quant fund Winton... [more]Winton Capital Management's revenue increased for a second consecutive year in 2025, rising from GBP86m to GBP101m, while operating profit increased from GBP10m to GBP14m. The improvement marks progress for Sir David Harding's quantitative investment firm, although revenue remains far below its 2014

Qube expands to most of London's n2 building as funds chase office space... [more]Qube Research & Technologies is set to occupy most of London's 161,000-square-foot n2 building after taking additional floors previously leased to other tenants. The hedge fund, which has grown from USD800m at its 2018 launch to about USD55bn, is expanding amid an acute shortage of prime London offi

Mark Zuckerberg buying PayPal could save Meta '5-10 years' in super-app race against Elon Musk, says hedge fund manager... [more]Great Hill Capital chairman Thomas Hayes says Meta should acquire PayPal for USD90bn, arguing that the deal could save Mark Zuckerberg "5-10 years" in building a WeChat-style super-app and help Meta compete with Elon Musk's Xmoney. Hayes, who is a PayPal shareholder, argues that a transaction at tha

AI training more than doubled this year, but 56% of employees report no time at work to build the skills... [more]AI-specific workplace training has more than doubled, but 56% of employees say they are given no time during the workday to develop AI skills, according to Workera's 2026 State of Skills Intelligence Report. The survey of 1,000 US enterprise employees found employers are investing more heavily in AI

Greece setting out stall as hub for hedge fund and private equity activity... [more]Greece's tax incentives for investment professionals could turn Athens into a hedge fund and private equity hub, according to Utmost's Marc Acheson. Investment professionals relocating to Greece can pay 5% tax on carried interest under a regime introduced in June, while wealthy foreign residents can

Angelicoussis family office bets on Nvidia as it shifts into public stocks... [more]Maria Angelicoussis's family office Nicrone has built a strategic position in Nvidia as it shifts capital from private markets toward listed equities under former hedge fund executive Laura Lavers. Nvidia has become one of Nicrone's most important listed holdings, while the chipmaker's shares have r

Schroders closes record USD1.3bn for co-investment fund... [more]Schroders Capital has closed USD1.3bn for Global Direct IV, its fourth flagship co-investment strategy and the largest closed-ended commingled private equity fund Schroders has raised. The fund attracted institutional investors and family offices, while Schroders Capital says it has raised more than

Turkey reassures investors over investment fund crisis... [more]Turkey's justice minister on Wednesday said the government's top priority was to recover the money of nearly half a million investors caught up in a spiralling investment fund crisis. Prosecutors are currently investigating the activity of 131 investment funds held by seven companies, whose assets

Activist hedge fund is urging Devon Energy to put itself up for sale... [more]Toms Capital Management has urged Devon Energy to explore strategic alternatives including a sale of the entire company, arguing that its complex portfolio is depressing its valuation. The hedge fund, which manages just over USD4bn and says it is now one of Devon's five largest shareholders, estimat

Activist JANA Partners is pushing Six Flags to hire a bank and explore a sale... [more]Jana Partners is urging Six Flags Entertainment to hire an investment bank and explore a sale after what the activist hedge fund described as disappointing second-quarter results. Jana built an approximately 9% economic interest worth about USD200m when it began its campaign last year, while Six Fla

And, finally: (Don't) need to go shopping there... [more]From UPI.com: A former 7-Eleven store in Seattle has been transformed into an "Inconvenience Store" featuring items including pre-tangled USB cords. The interactive art exhibit features "abstracted interpretations" of goods one would normally find at a store, including shoulder bags made from old Ch