Millennium Management, the $79bn multi-strategy hedge fund led by Izzy Englander, has sold a 15% minority stake in its management company for about $2bn, valuing the firm at roughly $14bn, according to a report by Bloomberg citing unnamed people familiar
Hedge funds sharply reduced bearish bets on Brent crude in the final week of October, as new US sanctions on Russia’s largest oil companies triggered a record unwind of short positions, according to a report by Bloomberg citing data from
Hong Kong-based hedge fund Oasis Management has taken a stake in Japanese car care products maker Soft99 Corp, joining a heated dispute between management and activist shareholders over a proposed buyout, according to a report by Bloomberg.
A surge in retail trading through exchange-traded and structured products is reshaping the options market — creating both liquidity and opportunities for professional traders, according to a report by Bloomberg citing speakers at the Bloomberg Intelligence Volatility Forum in New
Hedge funds are ramping up bearish bets on the Japanese yen, with several large macro managers positioning for the currency to fall as low as JPY160 to the dollar before year-end, according to a report by Bloomberg citing data from
Comply, a provider of regulatory and compliance technology solutions for hedge fund and other financial firms, has acquired Trailight, a UK’s leading provider of solutions for managing conduct risk, competence frameworks, and global accountability regimes.
Ananym Capital has intensified its campaign urging LKQ Corporation to sell its European business, arguing that a divestiture would unlock shareholder value and fund substantial share buybacks, according to a report by Reuters.
A surge in convertible bond issuance has delivered standout returns for a specialist team at LMR Partners, with the group’s Convertible and Capital Structure Arbitrage Fund up around 30% year-to-date, marking one of the firm’s strongest performances on record, according
UK-based quantitative investment firm Winton has entered the US mutual fund market for the first time after assuming the role of investment adviser to the Altegris Futures Evolution Strategy Fund, replacing Altegris Advisors LLC.
Global private investment firm Fairlight Capital Partners has acquired a minority stake in Noviscient, an award-winning fintech that is transforming how emerging and boutique managers launch, operate and scale institutional-grade hedge funds.
