New York-based activist hedge fund Pura Vida has entered a boardroom battle at global aesthetics device company Cutera Inc with plans to push ahead with “an orderly CEO succession process”, according to a report by Reuters. Amid perceived factionalisation, Pura
Daniel Loeb, founder and CEO of event driven hedge fund Third Point, is considering taking SiriusPoint private – less than three years after he agreed to combine his hedge fund’s reinsurance business, Third Point Re, with rival Sirius International Insurance Group
Hedge funds returned to positive territory in March, advancing 0.34% for the month, but the industry is lagging the broader stock market, which gained 3.67%, according to data published by Backstop BarclayHedge. Year-to-date, the hedge fund industry has advanced 2.60%
New York-based hedge fund Versor Investments sees potential growth and profitability in Squarespace, having recently taken a sizable position in the online website building platform, according to a report by BestStocks. The fund reportedly purchased 28,413 shares of the company’s
US-based multi-strategy managers dominate a new ranking of 64 investment firms managing $10 billion or more in hedge fund assets. Four of the top ten firms on the inaugural ‘$10bn+ Power List’ from Alternative Fund Insight (AFI) specialise in multi-strategy
High-profile hedge fund manager Crispin Odey has halved his bearish position in Metro Bank since December, but remains the lender’s largest short-seller, according to a report by the Mail on Sunday. Odey’s fund has held a negative wager in Metro
West coast activist hedge fund Phase 2 Partners is targeting UK-listed asset manager Jupiter Fund Management, according to a report by The Times. Financial Conduct Authority disclosure data shows the San Francisco-based hedge fund is now a leading short-seller of Jupiter.
London-based activist hedge fund Bluebell Capital Partners has criticised Glencore for “a lack of strategic thinking” as it campaigns for the mining conglomerate to spin-off its thermal coal business, according to a story by the Financial Review. In a letter
Ironshield Capital, a London-based European credit hedge fund manager, has launched the Ironshield Credit Opportunities Fund, a closed-end vehicle which look to take advantage of opportunities materialising in private credit and illiquid public credit.
South African retail investors are increasingly including hedge funds in their investment portfolios as they look to mitigate the effects of ongoing market volatility and high inflation, according to a report by News24. The report cites figures from the Association
