Activist investor 7Square is pressing German insurer Nuernberger Beteiligungs AG to consider rival takeover offers, arguing that the ongoing exclusive talks with Vienna Insurance Group (VIG) undervalue the company, according to a report by Bloomberg.
Seth Klarman, head of the Boston-based multi-strategy hedge fund firm Blaupost Group, says artificial intelligence is proving useful as a productivity tool at his hedge fund, but it is far from replacing human investment judgement, according to a report by
Global hedge funds have ramped up exposure to Japanese equities as the Nikkei surged to record highs, while increasing bearish positions on South Korea, according to a report by Reuters citing a note from Morgan Stanley.
Citigroup has named Jignesh Patel, a former executive at both Millennium and Goldman Sachs, as head of Asia-Pacific prime finance, underscoring the bank’s push to grow its hedge fund servicing business in the region, according to a report by Bloomberg.
Man Group’s £2.45bn Japan CoreAlpha Fund has begun selectively adding Japanese bank stocks, betting that the Bank of Japan (BOJ) will eventually raise rates to tackle persistent inflation, according to a report by Bloomberg.
Deutsche Bank is rebuilding its US high-yield trading franchise with the appointment of former Walleye Capital portfolio manager Travis McCormack, according to a report by eFinancial Careers citing unnamed market sources.
Hedge fund manager Daniel Loeb is locked in a dispute with investors over plans to convert his London-listed vehicle, Third Point Investors Limited (TPIL), into a Cayman Islands-based reinsurer according to a report by the Financial Times.
The US Court of Appeals for the Third Circuit has ruled that Sculptor Asset Management cannot pursue its own securities lawsuit against healthcare products provider Perrigo after missing the deadline to opt out of a $97m shareholder class action settlement.
Digital assets funds returned to positive inflows last week pulling in a net $572m after early-week outflows of $1bn on weak US payroll data, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Fairlight Capital Partners, which seeds, backs, and builds specialist investment managers, has named Mikkel Bates as Senior Board Adviser, as the investment firm accelerates its push into the UK professional investor and wealth management market.
