Deer Park Road Management Co, a hedge fund firm known for its profitable bets on distressed assets, is ramping up its investment in commercial real estate debt, positioning itself to benefit from a downturn reminiscent of 2009, according to a
Despite its reputation for high pay, average salaries at multi-strategy hedge fund major Millennium’s London office fell below £1m ($1.31 million) for the first time ever last year, according to a report by eFinancial Careers.
Schonfeld, the top-performing multi-strategy hedge fund of 2024, which has outpaced rivals including Citadel and Millennium so far this year with a 13.1% gain, is continuing with a hiring push after growing its headcount by 11.2% YTD, eFinancial Careers.
Two former Pfizer executives have stepped back from hedge fund Starboard Value’s campaign to push for changes at the pharmaceutical giant after previously advocating for the activist investor’s efforts, according to a report by the Financial Times.
Oil prices surged above $80 per barrel on Monday, driven by escalating tensions in the Middle East and concerns over potential supply disruptions in the Gulf of Mexico due to an incoming hurricane, prompting hedge funds to begin adjusting their
Activist hedge fund firm Mantle Ridge has acquired a significant stake in Air Products and Chemicals, and is planing to push for strategic changes at the $63bn industrial gas giant including laying the groundwork for new leadership, according to a
Segantii Capital Management, the hedge fund currently facing insider trading charges, has moved out of its 12,000-square-foot office in Hong Kong, according to a report by Bloomberg citing sources familiar with the situation.
Institutional investors and wealth managers are expecting a surge in new digital assets funds this year as traditional financial institutions increasingly look to the sector, according to research by digital assets hedge fund manager Nickel Digital Asset Management.
Columbia Threadneedle has teamed with DBS Bank to offer its technology-focused hedge fund strategy – a long-short equity vehicle managed by Paul Wick at Seligman Investments – to high-net-worth clients across Asia, according to report by CityWire.
Several China-focused hedge funds have reported stellar returns for September, thanks to a significant rally in Chinese stocks following Beijing’s aggressive economic stimulus measures, according to a report by Reuters.
