Trian Fund Management, the activist hedge fund firm run by Nelson Peltz, has built a holding in Allstate Corp, one of the insurers impacted by the fallout of natural disasters including the Maui wildfire in Hawaii, according to a report
Hedge fund JAT Capital has warned Overstock.com that it may seek seats on the company’s board if it doesn’t consider selling certain assets and overhauling its management and compensation, according to a report by Reuters.
Digital asset investment products saw inflows for the third consecutive week last week totalling $15m, although trading volumes remain 27% below the 2023 average, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Cassini Systems (Cassini), a front-to-back margin and collateral solution provider for derivatives market participants, has seen a 250% uptick in client inquiries globally about its collateral optimisation module.
Point72 Asset Management, the hedge fund firm found by Steve Cohen with over $27bn in assets under management, is continuing to expand both its cryptocurrency and quant teams based in Paris, according to a report by eFinancial Careers.
Activist hedge fund Starboard Value has begun agitating for change at News Corp, including a $7bn (£5.7bn) sell-off of the company’s online property business, having built a stake in Rupert Murdoch’s media empire, according to a report by The Guardian.
Hong Kong-based activist hedge fund Oasis Management is line for a potential £40m profit from its holding in The Restaurant Group after private equity major Apollo Global Management made a £506m offer to take the ownership of Wagamama’s private, according
Sales of food, beverage and tobacco stocks by global hedge funds hit the fastest pace seen in 11 weeks last week, as the yields for US Treasuries surged, according to a report by Reuters, citing data from Goldman Sachs’ prime
The Derivatives Service Bureau (DSB), a source of global reference data for over the counter (OTC) derivatives, has launched the Unique Product Identifier (UPI) Service, enabling firms to create and search for UPIs.
Priya Kodeeswaran, a former long-short manager at Man Group and Portfolio Manager at Millennium Management, is to serve as both Founder and Chief Investment Officer of his newly-launched hedge fund, Katamaran Capital, according to a report by Bloomberg.
