Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report by Reuters.
The Federal Communications Commission has ordered a hearing on hedge fund Standard General LP’s proposed purchase of broadcaster Tegna Inc, a move that could cause the $5.4 billion deal to collapse completely, according to a report by Bloomberg.
More than $145 billion has been wiped from the value of Gautam Adani's business empire in the month since US short seller Hindenburg Research first accused the company of stock market manipulation and accounting fraud, according to a report by the Financial Times.
Struggling money manager Janus Henderson is looking to hedge fund and private credit investments as part of a strategy to revive its fortunes having seen investors withdraw in the region of $130 billion of funds since 2017, according to a report by Bloomberg.
Staff at Bridgewater Associates are top of the league when it comes to employee perks, according to data from Levels.fyi, with the firm spending $21,414 per year per employee on a range of benefits including free meals, pension contributions and health insurance.
BFAM Partners, the Hong Kong-based investment firm founded by Benjamin Fuchs, could be on the road to recovery after a troubled 2022, with the both the firm's main hedge fund and a side pocket of illiquid Chinese credit recording gains in January, according to a report by Bloomberg.
Tor Svelland, the boss of shipping-focused hedge fund Svelland Capital, has predicted another bumper year for the industry on the back of China's economy reopening and a lack of fleet expansion across the globe, according to a report by Bloomberg.
Third Point Management, the New York-based hedge fund firm founded by activist investor Daniel Loeb, is planning to mount a board challenge at Bath & Body Works, despite the recent addition of new directors at the beauty product retailer, according to a report by Reuters.
AIR Asset Management, a Chicago-based hedge fund management firm focused on investing in life settlements, private credit, and annuities, has partnered with Kerberos Capital Management, a private credit asset management firm that specialises in direct lending to law firms.
Bridgewater Associates founder Ray Dalio has negotiated an exit package worth 'billions' of dollars as part of his decision to retire form the day-to-day running of the business last year, according to a report by the New York Times.