Dubai-based Magellan Capital Limited has been cleared by the Dubai Financial Services Authority following a months-long investigation into the hedge fund startup, the firm has confirmed, according to a report by Bloomberg.
Hedge fund Lone Pine Capital is launching a new concentrated long-term equity fund in response to shifting market dynamics caused by passive investing and multi-strategy hedge funds, according to a report by the Financial Times.
Bobby Jain’s $5.3bn multi-strategy hedge fund, Jain Global, has hired former Citadel portfolio manager Kevin Mulhern as a senior investor on its fundamental equities team where he will focus on energy, according to a report by Financial news London.
Joe Naggar, a former senior partner at GoldenTree Asset Management, has launched Feynman Point Asset Management, a new $300m crypto-focused hedge fund spun out from New York investment firm Republic, according to a report by Forbes.
Brevan Howard has hired Robbie Anderson, Nomura’s former EMEA head of flow rates sales, as a portfolio manager, marking the hedge fund’s latest senior acquisition from investment banking, according to a report by Financial News London.
Activist hedge fund Jana Partners has revealed a 9% stake in Six Flags Entertainment and is joining forces with NFL star Travis Kelce to pressure the amusement park operator to overhaul its marketing and customer experience strategy, according to a
Activist hedge fund Ananym Capital is pressuring auto parts supplier LKQ Corp to divest its European operations and refocus on its North American business, according to a report by Reuters citing unnamed sources familiar with the matter.
Digital asset ETPs saw $513m in outflows after the 10 Oct liquidity cascade, though ETP investors largely shrugged it off, according to the latest Digital Assets Funds Flows Weekly Report from CoinShares.
Brazilian hedge funds, including Verde Asset Management, are extending their winning streak, with managers doubling down on bullish trades across local assets as easing inflation and rate-cut expectations fuel optimism, according to a report by Bloomberg.
Macro hedge funds have been paring back risk exposure amid renewed market volatility, but remain net long equities, according to a report by Investing.com citing recent analysis by Barclays’ prime brokerage unit.
