AQR Capital Management is challenging the valuation behind the $8.4bn take-private of Clearwater Analytics Holdings, adding to a growing push by hedge funds to use Delaware’s appraisal process to seek higher payouts from completed M&A deals, according to a report
Two Sigma Investments co-founder John Overdeck has defended a proposed $723m settlement for his wife Laura as a fair division of wealth accumulated during their 24-year marriage, while disputing her claim to a substantially larger share of his stake in
Nelson Peltz’s Trian Fund Management has no immediate plans to pursue a take-private transaction for Wendy’s, despite having explored a potential bid for the US burger chain, according to a report by Reuters citing unnamed people familiar with the matter.
St Louis-based wealth management firm Stifel is looking to strengthen its alternatives research capabilities with the appointment of a gatekeeper focused on hedge funds and liquid alternative strategies, according top a report by CityWire.
Saba Capital has stepped up its campaign against Gore Street Energy Storage Fund, calling on shareholders to support proposals to wind up the £244m investment trust and demanding greater transparency around the recent sale of two Irish battery storage
Millennium Management has recruited a former Goldman Sachs energy trading executive as a senior commodities portfolio manager in Jersey, adding to the hedge fund’s presence on the Channel Island as it continues to build out its energy trading capabilities, according
Activist investor Flashlight Capital Partners has offered to buy the stakes held by five Samsung affiliates in South Korean security-services company S-1 Corp at a 45% premium, according to a report by Bloomberg.
Balyasny Asset Management is continuing to expand its London operation, adding specialist roles focused on integrating and supporting portfolio managers as the hedge fund recruits across commodities, quantitative strategies and other areas, according to a report by eFinancial Careers.
Hedge funds are increasing bets that the Australian dollar will outperform the New Zealand dollar through the end of the year, as stronger Australian inflation expectations revive the prospect of further Reserve Bank of Australia rate increases, according to a
US Treasuries rallied as a sharp decline in oil prices helped ease inflation fears, giving Treasury secretary Scott Bessent some relief after months of rising long-term borrowing costs, according to a report by Bloomberg.
