The era of refinancing fixes and liability-management transactions that helped highly leveraged companies avoid default may be nearing its end, creating a potentially fertile environment for distressed investors, according to a report by Bloomberg citing Oaktree Capital Management MD Brook
BNP Paribas has launched the Transatlantic Target Premium strategy within its THEAM Quant range, a UCITS income fund using options strategies across European and US equities to generate yield and capital growth.
Australian gold producer Northern Star Resources has rejected calls from activist investor Elliott Management to explore asset divestments or a potential sale of the company, despite mounting pressure over its share price performance and operational execution, according to a report
ExodusPoint Capital Management has attracted $2bn in new investor commitments, increasing its assets under management to approximately $14.5bn and underscoring continued appetite for large multi-strategy hedge fund platforms, according to a report by Bloomberg.
Hong Kong is preparing to introduce legislation that would significantly reduce the tax burden on performance-based compensation for hedge fund professionals and other alternative asset managers, according to a report by Bloomberg.
Veteran short seller Jim Chanos has raised fresh doubts over SpaceX’s impending public market debut, arguing that the aerospace company’s proposed valuation is based on “hopes and dreams” rather than near-term financial fundamentals, according to a report by Reuters.
Hedge funds have accumulated what is believed to be the largest-ever collective bearish position against Australia’s banking sector, with short interest estimated at around AUD11bn across the country’s four major lenders, according to a report by News.com.au.
Clearwater Analytics has introduced new factor risk capabilities aimed at hedge funds and asset managers, expanding its platform to deliver unified risk analysis across both portfolio management and investment oversight teams.
Marex has appointed Charlie Woodcock to its outsourced trading team in Hong Kong, further strengthening its execution capabilities across Asia. Woodcock joins from Outset Global where he provided execution and trading services to clients across Asia.
Millennium Management has committed approximately $800m to credit-focused manager Mycor Capital Management, underscoring the continued expansion of large multi-manager platforms allocating capital to external hedge funds through separately managed accounts, according to a report by Bloomberg.
