Dennis Block, co-chair of the corporate M&A practice at Cadwalader, Wickersham & Taft, told CNBC's "Closing Bell" that activist shareholders are unlikely to break up Citigroup. "For very large companies like Citigroup, it's difficult to for hedge funds, even if they own the shares, to affect change," More here.

Nikko Asset Management Co., Ltd. announced the appointment of hedge fund manager, Thomas Juterbock, as Senior Portfolio Manager at Nikko Alternative Asset Management Inc., a New York-based subsidiary of Nikko AM Tokyo. Story here.

100 Women in Hedge Funds is today presenting their 5th Anniversary event, Raising Capital: Keys to success and new trends in the industry, in Stamford, CT. The event is hosted by UBS Investment Bank and All Bar None. More here.