Hedge fund manager Daniel Loeb is locked in a dispute with investors over plans to convert his London-listed vehicle, Third Point Investors Limited (TPIL), into a Cayman Islands-based reinsurer according to a report by the Financial Times.
The US Court of Appeals for the Third Circuit has ruled that Sculptor Asset Management cannot pursue its own securities lawsuit against healthcare products provider Perrigo after missing the deadline to opt out of a $97m shareholder class action settlement.
Digital assets funds returned to positive inflows last week pulling in a net $572m after early-week outflows of $1bn on weak US payroll data, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Fairlight Capital Partners, which seeds, backs, and builds specialist investment managers, has named Mikkel Bates as Senior Board Adviser, as the investment firm accelerates its push into the UK professional investor and wealth management market.
Barclays’ head of US dollar swaps trading, Justin Firmino, has left the bank and is set to join a hedge fund, according to market sources. While the destination has not been confirmed, industry chatter points to Brevan Howard, according to
London-based distressed and special situations hedge fund Shiprock Capital Management has appointed Mauro Roca – previously head of Latin America Sovereign Strategy at TCW Group – as senior sovereign strategist, according to a report by Alternatives Watch.
Renaissance Technologies, the systematic hedge fund firm founded by mathematician and former Cold War code breaker Jim Simons, saw its difficult summer continue in July, as the quant pioneer posted further losses across key strategies, according to a report by
Carl Icahn’s private investment fund posted another quarterly loss in Q2, falling 0.5% and taking year-to-date declines to 8.8%, according to a report by Institutional Investor citing Icahn Enterprises’ latest filing.
Hedge funds are increasingly approaching private equity firms to trade complex “deal-contingent” currency derivatives directly, threatening to sideline investment banks that have long dominated this niche market, according to a report by IFR.
A surge in investor appetite for artificial intelligence exposure is driving a new generation of hedge funds targeting the sector, with several high-profile launches amassing multi-billion-dollar asset bases in record time, according to a report by the Wall Street Journal.
