Activist Hedge fund firm Toms Capital Investment Management has requested a meeting with the board of CSX after building a stake in US railroad operator, according to a report by Reuters citing unnamed people familiar with the matter.
Australian hedge fund manager Regal Partners delivered strong returns in July across several of its strategies, buoyed by a large position in defence technology firm DroneShield, according to a report by the Financial Review.
Crypto hedge fund manager Re7 Capital is aiming to raise $100m for a new multi-strategy vehicle, with the firm’s founder Evgeny Gokhberg set to serve as Chief Investment Officer, according to a report by Financial News.
The BlackRock Investment Institute has recommended its largest-ever boost to hedge fund allocations, advising institutional investors to add up to 5 percentage points more to the asset class compared with pre-2020 levels, according to a report by the Financial Times.
Hedge fund performance softened slightly in July after a strong first half, though the majority of funds remained in positive territory, according to the latest data from Citco, the asset servicer with more than $2tn in assets under administration.
Anthony Scaramucci’s SkyBridge Capital is set to tokenise approximately $300m from two of its funds on the Avalanche blockchain, as the firm embraces the growing trend of real-world asset tokenisation, according to a report by Fortune.
Canada Pension Plan Investment Board has committed $250m to New York-based hedge fund Taproot Management, backing a novel model that replaces traditional portfolio managers with teams of senior analysts, according to a report by Bloomberg.
Two of the hedge fund industry’s biggest players – Point72 Asset Management and ExodusPoint Capital Management – have disclosed stakes in Alt5 Sigma, the crypto-payments company tied to the Trump family, according to a report by Bloomberg.
Credit-focused alternative investment firm Anchorage Capital Advisors, has closed its latest flagship vehicle, the Anchorage Credit Opportunities Fund IX, on $1.5bn, surpassing its initial $1.25bn hard cap, according to a report by Bloomberg.
Boaz Weinstein’s Saba Capital Management is strengthening its bench with two senior appointments as the $6bn credit-focused hedge fund prepares to expand into systematic trading strategies, according to a report by Reuters.
