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Two senior technology managing directors from Goldman Sachs and JPMorgan Chase have joined hedge fund Millennium Management, underscoring the continued migration of senior banking talent into multi-strategy hedge funds, according to a report by eFinancial CareersM
Elliott Investment Management has taken a significant position in Northern Star Resources and is calling on the Australian gold producer to undertake a broad strategic review, including consideration of a potential sale of the company, according to a report by the Financial Times.
Activist investor Toms Capital Investment Management has called on Voya Financial to evaluate a range of strategic options, including a potential sale of the company, arguing that the insurer and asset manager continues to trade below the valuation levels of comparable firms, according to a report by Reuters.
Hedge fund J&J Asset Management has submitted proposals seeking the removal of most of South Korean aluminium products manufacturer Daeho AL’s current directors and auditors ahead of an upcoming shareholder meeting, according to a report by ChosunBiz.
Third Point founder Dan Loeb has reiterated his bullish stance on major technology companies, saying artificial intelligence continues to make the sector one of the most compelling areas for capital allocation, according to a report by MarketWatch.
Global multi-asset broker CMC Markets has launched new Prime Services capabilities through CMC Connect, its institutional division, combining flexible financing, multi-asset execution and post-trade support for institutional clients across global markets.
Strong investor demand for emerging market debt strategies is prompting some specialist hedge fund managers, including Shiprock Capital Management and Broad Reach Investment Management, to limit new subscriptions, according to a report by Bloomberg.
Capula Investment Management has allocated approximately $450m to Cinctive Capital Management through a separately managed account, marking another example of large multi-strategy firms expanding their use of external portfolio managers to deploy capital, according to a report by Bloomberg.
Hong Kong is considering new tax measures aimed at enhancing its appeal to hedge fund managers, private market investors and other investment professionals, according to a report by Reuters citing industry participants familiar with the proposals.
Hedge funds have turned bearish on US natural gas futures for the first time since 2024, reflecting growing expectations of ample domestic supply and softer demand conditions across key consumption channels, according to a report by Bloomberg citing data from the US Commodity Futures Trading Commission (CFTC)
