Hedge funds investing in Chinese stocks saw a surge in performance this week, following the announcement of China’s largest economic stimulus package since the Covid-19 pandemic in 2020, according to a report by Reuters citing a Goldman Sachs note.
Sydney-based funds manager Platinum Asset Management has turned down a takeover proposal from hedge fund Regal Partners Ltd, stating that the bid undervalued the company., but remains open to considering other offers, according to a report by Bloomberg.
Dubai has growth as an emerging hub for hedge funds comtinues unabated, with some of the world’s largest firms, including Millennium Management and Balyasny Asset Management, helping push the industry’s headcount in the emirate to over 1,000, according to a
Caroline Ellison, the former Chief Executive Office of Alameda Research, the now defunct cryptocurrency hedge fund controlled by FTX founder Sam Bankman-Fried, has been sentenced to 24 months in prison for her role in a multi-billion dollar fraud at the
The largest hedge funds now control nearly three-quarters of the entire industry, with multi-strategy firms attracting the vast majority of business, according to a report by Reuters citing data from Bank of America.
Axyon AI, a provider of AI-powered asset rankings and investment solutions to hedge funds firms and other asset managers, has appointed Nicholas “Nick” Greenland as Senior Vice President, Business Development.
Activist investor Elliott Investment Management has intensified its campaign against Southwest Airlines , announcing plans to call a special shareholder meeting as early as next week in a push for significant leadership change at the airline, including the removal of
Blackstone and Vista Equity Partners’ $8.4bn acquisition of work management software company Smartsheet has set the stage for a major payday for New York-based hedge fund Eminence Capital, known for its strategic bets on future takeover targets, according to a
Digital asset investment products experienced a second consecutive week of inflows last week, totalling $321m, as the US Federal Reserve cut interest rates by 50bp, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
TT International, an investment manager offering cross-asset long-only and long-short investment strategies has named the six team members that will lead the firm’s new Emerging Markets Debt offering, which it is launching to complement its existing global macro and EM
