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Pentwater's Hedge Funds Surge 21% on US Steel Deal Bet
ByAinvest
Wednesday, Jul 9, 2025 8:25 am ET1min read
Pentwater Capital Management's hedge funds have soared 21% in the first half of the year, driven by a $1 billion bet on United States Steel Corp.'s merger with Nippon Steel Corp. The firm's Event and Merger Arbitrage funds advanced 7% in June, bolstering their returns. Positions in Avis Budget Group, Fannie Mae, and Freddie Mac also contributed to the gains.
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