Starboard Value, the activist hedge fund firm founded in 2002 by Jeffrey Smith and Mark Mitchell, and the largest shareholder in Algonquin Power & Utilities Corp, has nominated three candidates to the board of the Canadian utility company, according to
A resurgence of investor interest in natural resources has prompted Kimura Capital, a London-based provider of trade finance credit for commodities, to start a new commodity-focused hedge fund, according to a report by Bloomberg.
A bet of almost €1bn has been placed against the stock of Telecom Italia by short sellers unimpressed with Chief Executive Officer Pietro Labriola’s plan to cut company debt through an asset sale, according to a report by the Financial
Hedge funds continued to provide investors with positive returns in February with funds administered by Citco delivering an overall weighted average return of 2% over the month, to give them a YTD weighted average return of 3.5%.
Ben Hutson has left his position as a Portfolio Manager at Garda Capital Partners, the fixed income-focused hedge fund firm spun out of Black Rivffer Asset Management in 2015, to rejoin Barclays, according to a report by eFinancial Careers.
Goldman Sachs Group’s asset management arm has raised over $700m in capital commitments for Union Bridge Partners I, a new opportunistic co-investment strategy that will focus on making investments alongside hedge funds and private credit firms.
Short seller Russell Clark, who made money for much of the past decade or so by shorting stocks, is considering a comeback two years after shuttering his hedge fund on the back of the longest running bull market in history,
Derivatives and securities exchange network Cboe Global Markets has introduced enhanced margin treatment for cash-settled index options with a new margin relief rule aimed at providing greater capital efficiencies for traders.
Global allocators upped their alternative asset allocations – private equity, credit, real estate, real assets, infrastructure and hedge funds – to $172bn in 2023 a 19% increase from the $144bn seen in the previous year, according to a research commissioned
European Commodity Clearing is to assume clearing services for BSP Energy Exchange’s power spot intraday continuous and day-ahead customers from 16 April, subject to successful testing and external stakeholders’ readiness.
