Multi-strategy hedge fund major Balyasny Asset Management has added Wajih Ahmed, a former Goldman Sachs Vice President, top inflation trader, and former child mathematics prodigy in its London office, according to a report by Financial News London.
The Alternative Investment Management Association (AIMA) is lobbying the UK government to exempt hedge funds from upcoming climate disclosure rules that would require firms to publish detailed transition plans toward net zero, according to a report by Bloomberg.
Point72 Asset Management, the $41.5bn hedge fund led by billionaire Steve Cohen, is planning to expand into private credit, joining a growing number of hedge funds targeting longer-term, less liquid markets, according to a report by Bloomberg.
TriMas Corp has agreed to sell its aerospace division to an affiliate of investment firm Tinicum for $1.45bn in cash, as the US packaging manufacturer responds to activist pressure from hedge fund Barington Capital to streamline operations, according to a
Steve Cohen’s Point72 Asset Management has tripled its position in Lionsgate Studios Corp, lifting its stake to 5.1% as the hedge fund deepens its exposure to the independent film and television producer behind The Hunger Games franchise, according to a
Former TCI partner Edgar Allen’s flagship High Ground Investment Management fund, which invests in global equities, rose 2.5% in October, bringing its year-to-date returns to 30%, according to a report by Financial News London citing unnamed people familiar with the
Capula Investment Management’s former US compliance officer, Igor Abramov, has filed a lawsuit claiming he was wrongfully terminated after raising concerns over the firm’s expense practices and trading activity, according to a report by Bloomberg.
Bridgewater Associates has cautioned investors that markets may be underestimating structural risks underpinning the recent AI-driven surge in US equities, with growth expectations now approaching levels last seen during the dot-com bubble, according to a report by Reuters.
October proved largely positive for major hedge funds, including Millennium Management, Citadel, and Balasny Asset Management, despite brief market volatility tied to US-China trade developments, according to a report by Business Insider.
A group of hedge funds, including Citadel, Athos Capital, and Maven Investment Partners, have challenged the price of SBI Holdings’ 2023 buyout of Shinsei Bank, arguing that the JPY2,800-per-share offer significantly undervalued the lender, according to a report by Bloomberg.
