Tiger Global Management sharply cut its exposure to Meta Platforms in the third quarter, reducing its stake by 63%, according to a report by Reuters citing the the fund’s 13F regulatory filing for the third quarter of the year.
Ken Griffin, founder of multi-strategy hedge fund major Citadel, is selling a Palm Beach property at 151 Worth Avenue, which previously housed a Neiman Marcus outpost, for approximately $81m, according to a report by Bloomberg citing the buyer, TZ Capital.
Peter Thiel’s hedge fund, Thiel Macro, liquidated its entire Nvidia position during Q3, offloading roughly 538,000 shares worth around $100m at quarter-end, according to a report by Reuters citing a regulatory filing released on Friday.
Steve Cohen’s Point72 Asset Management has sharply reduced its exposure to Sphere Entertainment, unloading roughly 85% of its position as the stock surged this year, according a report by Sportico citing a recent SEC regulatory filing.
CV5 Capital, a Cayman Islands-based platform for institutional digital asset funds, has partnered with blockchain infrastructure provider Enzyme to deliver tokenised fund solutions for professional and institutional investors.
Executive search firm Bay Street Advisors has expanded its hedge fund and alternatives practice with the appointment of Dominique Lawrence, who joins from joins from Jackson Lucas, as a director, according to a report by Hunt Scanlon Media.
Many senior New York hedge fund professionals are planning eventual relocations to Miami once their children leave for college, according to a report by eFinancial Careers citing veteran hedge fund recruiter Claude Schwab.
Boaz Weinstein’s (pictured) Saba Capital Management has been actively selling credit protection on big tech names as lenders and asset managers rush to hedge growing concerns around the sector’s debt-fuelled AI spending spree, according to a report by Reuters.
UBS O’Connor has lost the two executives overseeing its $2bn private-credit strategy just weeks before Cantor Fitzgerald is due to complete its acquisition of the hedge fund business – a departure that has already forced restrictions on at least one
Rani Nazim, former co-head of European credit trading at Morgan Stanley, has re-entered the financial markets after nearly two years away, taking on the role of Credit Portfolio Manager at Verition Fund Management’s London office, according to a report by
