Pershing Square’s proposed €55bn acquisition of Universal Music Group (UMG) has suffered a major setback after the Bolloré family, the company’s largest shareholder, publicly voiced opposition to the transaction, according to a report by the Finsancial Times.
Prediction market platforms including Kalshi are increasingly targeting hedge funds and other institutional investors as they look to move beyond their retail trading base and enter the next stage of market expansion, according to a report by Reuters.
Former Goldman Sachs macro trading partner Stuart Riley has exited Tudor Investment Corporation after a brief 16-month stint, marking another move in a career spanning several high-profile hedge fund roles, according to a report by eFinancial Careers.
Electronic design automation software provider Synopsys has reached a cooperation agreement with activist investor Elliott Investment Management that will see Elliott managing partner Jesse Cohn join the company’s board, according to a report by Reuters.
Hedge fund managers are increasingly looking beyond China’s artificial intelligence boom, instead focusing on overlooked domestic champions and niche sectors as they search for differentiated opportunities in the region, according to a report by Fund Selector Asia.
Asian markets turned risk-off on Thursday as renewed military escalation in the Middle East pushed oil higher and pressured equities across Asia, while investors also braced for key US inflation data, according to a report by Reuters.
Bank of America has initiated coverage on Pershing Square Holdings with a Neutral rating, describing Bill Ackman’s investment firm as a “Baby Buffett” model that is helping democratise hedge fund ownership for retail investors, according to a report by Benzina.
Activist investor Ancora Holdings has urged H.B. Fuller to drop its proposed acquisition of UK-based Advanced Medical Solutions Group, arguing the deal is too risky and could undermine shareholder value, according to a report by Bloomberg
Macro trader John Curtice has left Brevan Howard Asset Management less than two years after joining the hedge fund firm, according to people familiar with the matter, cites a report by Bloomberg.
Activist short seller Andrew Left told jurors in his criminal securities fraud trial that there is nothing improper about profiting from stock-price moves following his research reports or social media posts, according to report by Bloomberg.
