Investor unrest is building at Entain, the owner of Ladbrokes, after two more US-based activist hedge funds voiced concerns over the gambling group’s share price and CEO Jette Nygaard-Andersen’s ability to revive the fortunes of FTSE 100 company, according to
TOP STORY: Multi-strategy major Millennium Management is continuing to add talent to its team in Hong Kong with three recent appointments – Jingo Hing, Alexander Wilton, and Vinay Srinivas, according to a report by eFinancial Careers.
While hedge funds have upped their bets on the “Magnificent Seven” tech stocks that have fuelled portfolio gains so far this year, another tech major, Tesla Inc, remains their most popular short position, according to a report by CityWire.
London-based, event-driven hedge fund firm Samson Rock Capital is winding down a part of its $800m-plus portfolio run by co-founder Satpreet Brar, who is leaving the business, according to a report by Bloomberg.
Zurich-based investment boutique Green Ash Partners is to close the Chanos Equity Long-Short fund, a UCITS fund it launched with famed short-seller Jim Chanos in October 2022, according to a report by CityWire.
German exchange Eurex has set its sites on attracting high volume interest rate trading clients such as hedge funds as it looks to build on the solid start made by its new European interest rate contract, according to a report
Global hedge funds exited both long and short bets on technology stocks at the fastest weekly pace seen in seven months last week, according to a report by Reuters citing data from Goldman Sachs’ prime brokerage division.
TCI Fund Management Limited, the $60bn London-headquartered hedge fund firm found by Chris Hohn, has established a presence in the United Arab Emirates with the opening of an office in Abu Dhabi.
A sharp rally in US and European shares over recent days has landed hedge funds betting on a decline in stock markets on either side of the pond with an estimated $43bn of losses, according to a report by the
Scott Shleifer, the head of the $30bn-plus private equity business at Chase Coleman’s $58bn hedge fund firm Tiger Global, is to step down from his role at the end of this year, according to a report by The Financial Times.
