Hedge funds targeting California wildfire insurance claims are facing new obstacles after the state passed legislation restricting trades in subrogation claims, according a report by Bloomberg citing unnamed sources.
Hedge fund manager Steve Cohen’s Point72 Private Investments has led a $65m Series B funding round in Australian AI health startup Heidi, valuing the company at $465m, according to a report by Bloomberg, citing unnamed sources.
New York-based hedge fund Millennium Management has built a short position worth £35m in Metlen Energy & Metals, just two months after the Greek metals and energy group debuted on the London Stock Exchange and entered the FTSE 100, according
Paul Singer’s Elliott Investment Management has intensified its legal battle with Texas private equity firm Stronghold Investment Management, alleging the firm overcharged expenses and refused to liquidate two oil and gas-focused fund pools, accoring to a report by Bloomberg.
US hedge fund Davidson Kempner Capital Management LP has purchased approximately $1.4bn in non-performing loans from Abu Dhabi Commercial Bank PJSC, its second major distressed debt transaction with the lender, according to a report by Bloomberg.
Hedge fund Eisler Capital is rumoured to be considering the sale of some of its technology and assets as it winds down investments before the end of 2025, according to a report by eFinancial Careers citing unnamed market sources in
Calamos and Aksia have expanded their AC Private Markets partnership with the launch of the Calamos Aksia Hedged Strategies Fund providing providing with access to a diversified portfolio of hedge fund managers in a single actively managed vehicle.
Global multi-strategy investment firm Arena Investors LP is set to close its Singapore office, reallocating resources to other regions, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hedge funds posted average returns of 1.3% in September, with managers in Europe, Asia and the Middle East generally outperforming their North American peers, according to a report by Reuters citing a JPMorgan client note.
Denmark’s tax authority SKAT has lost its $1.9bn London lawsuit against hedge fund manager Sanjay Shah and his defunct firm Solo Capital, marking a major setback in its long-running effort to recover losses tied to cum-ex dividend tax schemes, according
