Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy.
Envestnet Inc has added three new directors to its board following pressure from activist investment firm Impactive Capital, which has been pushing for the fintech to prove its performance by cutting costs, according to a report by Reuters.
Citadel, the hedge fund firm founded by Ken Griffin, is to make a 'comeback' in Japan with plans to reopen its Tokyo office later this year, almost 15 years after closing operations there during the global financial crisis, according to a report by the Financial Times.
New York–based hedge fund Marathon Asset Management made a profit of around $30 million in just a few days, after a well-timed bet on Credit Suisse Group AG bonds paid off, according to a report by Bloomberg.
Nickel Digital Asset Management, the London-based digital assets hedge fund manager founded by Bankers Trust, Goldman Sachs and JPMorgan alumni, is calling for more crypto exchanges to integrate with Off Exchange Settlement solutions, which it says will dramatically reduce counterparty risk, protecting investor capital against FTX-like events.
Standard General is suing the US Federal Communications Commission over its decision to hold hearings into the hedge fund's planned $5.4 billion acquisition of TV station operator Tegna, according to a report by Reuters.
New York-based hedge fund firm Mass Ave Global, has written to investors informing them that it has decided to liquidate its China and Asia-focused funds and close its office in Hong Kong, according to a report by Reuters.
Dutch chemicals producer OCI is to hold a strategic review of its business after Inclusive Capital Partners, the activist hedge fund firm founded by Jeff Ubben, urged the company to consider asset sales to boost value, according to a report by Bloomberg.
Activist hedge fund Elliot Investment Management has decided not to proceed with its planned director nominations at Salesforce Inc, after a rise in the company's stock price and the initiation of a series of strategic changes at the enterprise software firm, according to a report by Bloomberg.
Global hedge funds' exposure to US banking stocks has hit a near 10-year record low as the turmoil in the sector triggered by the demise of Silicon Valley Bank and Signature Bank, and the 'rescue' of Credit Suisse by rival UBS, prompted managers to sell their positions, according to a report by Reuters.