David Tepper’s Appaloosa Management has taken a significantly larger position in American Airlines Group (AAL), adding 9.25 million shares during the third quarter, according to the firm’s latest 13F filing with the US Securities and Exchange Commission.
French hedge fund Capital Fund Management (CFM) has returned approximately $2bn from its flagship Stratus fund to investors, reflecting a surge in assets under management at the firm, according to a report by Bloomberg.
Billionaire investor Bill Ackman is targeting a $5bn initial public offering for his US-listed closed-end fund, to be launched alongside an IPO of his hedge fund firm Pershing Square Capital Management, according to a report by Bloomberg.
Capital markets trading solutions provider TS Imagine’s TradeSmart has joined Temenos Exchange, the partner ecosystem of fintech solutions hosted by financial software provider Temenos.
Mountain Point Credit Management LLC (Mountain Point), a systematic loan manager, has launched a US broadly syndicated loan investment platform with over $1.3bn in assets under management. The firm is led by Founder and CEO Kelly Byrne, who brings two
BlackRock, Inc and AccessFintech, a data and workflow collaboration network for financial markets, have launched a strategic partnership. Through Aladdin®, BlackRock’s technology platform that unifies the investment management process, the firms will aim to deliver bilateral connectivity and real-time post-trade
“The Big Short” investor Michael Burry has launched a paid Substack newsletter following the closure of his hedge-fund business, continuing to criticise the tech stocks behind the AI boom.
Digital asset investment products saw $1.94bn in outflows last week, extending a month-long withdrawal cycle that has now reached $4.92bn — the third-largest four-week outflow streak since 2018, according to data from CoinShares.
Hedge funds increased their US equity positioning for the third consecutive week, with net buying accelerating across several sectors, according to a report by InvestorsHub citing Goldman Sachs’ prime brokerage desk.
Ray Dalio, founder of Bridgewater Associates, has raised serious reservations about the viability of the “pod-shop” or multistrat hedge fund model over the long term, telling Bloomberg’s Odd Lots podcast that while it may work for investment management, it is
