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Hedge funds posted a strong first half with Lone Pine Capital posting a 43% gain and David Tepper's Appaloosa Management returning 32%. Sridhar Natarajan has more on "Bloomberg Open Interest."

Hong Kong has overtaken Switzerland as the world’s largest cross‑border wealth centre, holding about US$2.95 trillion of foreign assets compared with Switzerland’s US$2.94 trillion.

"Risk is on and at higher levels," Bob Sloan, managing partner at S3 Partners, says when discusses short covering in US stocks on "Bloomberg The Close."

Pershing Square founder and CEO Bill Ackman says succession at the company is already in place. Speaking with Bloomberg's Dani Burger at the Milken Institute Global Conference in Beverly Hills, California, Ackman also discusses his bid for Universal Music Group, the rise of prediction markets and offers his views on New York City Mayor Zohran Mamdani.

One of Hong Kong's most high-profile insider trading cases is back in focus, as a trial involving Segantii Capital Management and its founder Simon Sadler began in the city on Monday. Bloomberg's Minmin Low has the latest.

Pershing Square founder and CEO Bill Ackman discusses the recent IPO of Pershing Square's new closed-end fund and alternative asset manager. Ackman emphasizes that this IPO marks the beginning of a long-term journey, with $5 billion in capital ready to be deployed within weeks. He speaks with Dani Burger on "Bloomberg Deals."

Pershing Square founder and CEO Bill Ackman says he doesn't see any strategic dislocations in markets during an interview with Dani Burger on "Bloomberg Deals." Ackman's combined IPO for his closed-end fund and alternative asset manager raised $5 billion.

Pershing Square founder and CEO Bill Ackman says the company's initial public offering is the "beginning of a journey" during an interview with Dani Burger on "Bloomberg Deals." Ackman's combined IPO for his closed-end fund and alternative asset manager raised $5 billion.

Hedge funds took a hit in March as the Iran war rattled global markets. Oil spiked, bonds sold off, and crowded trades unraveled wiping out recent gains at major firms like Millennium and Balyasny. A few funds bucked the trend, but overall it marked the industry's sharpest drawdown in months.

Dubai has long been considered a safe haven in the Middle East. But Iran's unprecedented strikes against US allies across the region have put that model to the test.