Los Angeles-based hedge fund Glendon Capital Management is positioning itself to capitalise on what it sees as the slow unraveling of the private equity boom, as liquidity pressures mount and sponsors struggle to exit ageing investments, according to a report
Global professional services, insurance and reinsurance broking firm Aon has promoted Matthew Towsey to Global Head of Hedge Funds and Diversifying Strategies, expanding his leadership role within the firm’s investment advisory business, according to a report by Artemis.
Walleye Capital has joined a growing cohort of elite multi-strategy hedge funds shutting their doors to new investor capital, as the $8bn firm seeks to maintain performance and absorb recent growth, according to a report by Bloomberg.
Activist hedge funds, including Tang Capital Management, are zeroing in on the biotech sector, targeting nearly $30bn in underutilised capital tied up in early-stage drug developers, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has expanded its stake in data centre operator Equinix and is in private talks with the company, according to a report by Reuters citing an unnamed person familiar with the matter.
Hedge funds are on the hunt for a record amount of premium office space in London as top-performing managers expand headcount and prepare for further growth following a stretch of outsized returns, according to a report by Bloomberg citing data
Millennium Management has recruited top quant Alborz Elizei from Cubist Systematic Strategies, the quantitative arm of Point72, in a notable hire that strengthens its already deep bench of systematic talent, according to a report by eFinancial Careers.
New Silk Road Investment, one of Singapore’s longest-standing hedge funds, is winding down operations following declining performance and a major withdrawal of US institutional capital from Asian markets, according to a report by Bloomberg.
Global hedge funds sharply reduced their holdings in Japanese stocks last week at the fastest pace of selling in nearly two and a half months, just ahead of Japan’s upper house election on Sunday, according to a report by Reuters.
Hedge funds are sharply increasing their bearish bets against US small-cap stocks following a strong rebound in the sector, as mounting economic uncertainty and higher-for-longer interest rates weigh on sentiment, according to a report by Bloomberg.
