TOP STORY: Balyasny Asset Management has terminated its $250m managed account with Franck Tuil’s activist hedge fund, Sparta Capital Management, within a year of initially backing the former Elliott Investment Management trader, according to a report by Bloomberg.  

TOP STORY: Bobby Jain, founder and CEO of New York-based hedge fund firm Jain Global, said that hedge funds face growing competition from private credit firms for investor capital, on a panel at the UBS Singapore Family Wealth Forum on Thursday, according to reports. 

TOP STORY: Earlier this year, Bayview Asset Management structured two re-securitisation trades worth $642m, the structures of which were modelled after similar pre-2008 financial crisis transactions by a major US bank, according to a report by Reuters. 

Philip King, CIO at Regal Funds Management, has initiated a short position in the shares of Commonwealth Bank of Australia, pointing to what he describes as one of the world’s most expensive valuations, according to a report by Bloomberg. 

Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC rules, for strategic access to the Fifth US Circuit Court of Appeals in New Orleans, according to a report by Bloomberg. 

Aaron Weiner, formerly of Coatue Management, is set to establish his own hedge fund with substantial backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.