Lorenzo Rossi’s London-based hedge fund Kedalion Capital Management is preparing to open to outside investors for the first time since securing backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.
An affiliate of hedge fund Elliott Investment Management has increased its bid for PDV Holding, the US parent of Venezuela-owned refiner Citgo Petroleum, to $8.82bn amid a heated court-supervised auction in Delaware, according to a report by Reuters.
Ryan Foster, a former senior portfolio manager at Millennium Management and ex-Soros credit investor, is launching a new credit hedge fund, Extant Capital, with $200m in seed capital from New Holland Capital, a $6bn alternative investor in external funds.
Titan, a newly formed holding company aiming to acquire and modernise IT services providers by embedding artificial intelligence into their operations, has completed its first deal, partnering with the renowned and regulated Global managed service provider (MSP and MSSP) RFA
Activist investor 7Square is pressing German insurer Nuernberger Beteiligungs AG to consider rival takeover offers, arguing that the ongoing exclusive talks with Vienna Insurance Group (VIG) undervalue the company, according to a report by Bloomberg.
Seth Klarman, head of the Boston-based multi-strategy hedge fund firm Blaupost Group, says artificial intelligence is proving useful as a productivity tool at his hedge fund, but it is far from replacing human investment judgement, according to a report by
Global hedge funds have ramped up exposure to Japanese equities as the Nikkei surged to record highs, while increasing bearish positions on South Korea, according to a report by Reuters citing a note from Morgan Stanley.
Citigroup has named Jignesh Patel, a former executive at both Millennium and Goldman Sachs, as head of Asia-Pacific prime finance, underscoring the bank’s push to grow its hedge fund servicing business in the region, according to a report by Bloomberg.
Man Group’s £2.45bn Japan CoreAlpha Fund has begun selectively adding Japanese bank stocks, betting that the Bank of Japan (BOJ) will eventually raise rates to tackle persistent inflation, according to a report by Bloomberg.
Deutsche Bank is rebuilding its US high-yield trading franchise with the appointment of former Walleye Capital portfolio manager Travis McCormack, according to a report by eFinancial Careers citing unnamed market sources.
