Toronto-based hedge fund Waratah Capital Advisors is ramping up its exposure to gold equities as bullion hits record highs, viewing the rally as just beginning investing in mid-tier producers as well as early-stage developers, according to a report by Bloomberg.
Hedge funds with short positions in Kingfisher, including AKO Capital, are facing significant paper losses after the UK home improvement group, which owns B&Q, raised profit guidance for the first half of the year, according to a report by the
Performance Food Group, a US food company with a product line covering everything from condiments to fresh fish, has reached a settlement with Sachem Head Capital Management, appointing the activist hedge fund’s founder Scott Ferguson to its board, according to
Boston-based hedge fund Verdad Advisers is preparing to launch a new Japan-focused equity fund targeting small-cap companies, continuing its strategy of exploiting capital inefficiencies in less-followed stocks, according to a report by Bloomberg.
Mark Spitznagel, the Founder and Chief Investment Officer of tail-risk hedge fund Universa Investments has cautioned that US equities could climb another 20% before a collapse rivalling the 1929 stock market crash, according to a report by Reuters.
Marshall Wace has taken legal action to prevent crypto data provider Lukka Inc from proceeding with a new financing round that the hedge fund says would disadvantage its investments, according to a report by Bloomberg.
Hedge fund veteran Ricky Mewani is leaving Citadel to join rival multi-stratgey firm Balyasny Asset Management following a $50m drawdown in his healthcare portfolio, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Verition Fund Management has appointed Alex Mouturat, a former senior portfolio manager at Millennium Capital Partners, to build a dedicated energy trading team focused on European natural gas, power, carbon, and oil, according to a report by Bloomberg.
Bridgewater Associates has chosen five finalists from five countries for its “Forecasting the Future” talent initiative, offering $25,000 awards and potential employment opportunities at the $92bn macro hedge fund, according to a report by Reuters.
TOP STORY: Activist Elliott Investment Management’s proposal to spin-off PepsiCo’s global bottling operations as part of its plan to increase shareholder value, could face opposition from other investors in the business, according to a report by Reuters.
