Activist ADW Capital has called on Driven Brands to launch an immediate strategic review, urging the automotive services group to consider a sale or break-up, according to a report by the Wall Street Journal.
Caxton Associates has emerged as one of the most prominent hedge fund casualties of recent market volatility, with losses at its flagship strategy exceeding $1.3bn in March as geopolitical tensions in the Middle East caused a drop in global assets,
Dubai and Abu Dhabi are receiving rare endorsements from several traditionally discreet hedge fund firms, including Millennium Management, as the Middle East conflict rattles the region’s financial landscape, according to a report by Bloomberg.
Millennium Management has hired Gianfranco Canepa, the former Head of High Yield for EMEA at JPMorgan, as it continues to build out its credit platform in London, according to a report by eFinancial Careers.
Victory Capital has withdrawn its $8.6bn bid for Janus Henderson, bringing an end to a drawn-out takeover battle and clearing the path for a rival deal led by hedge fund Trian Fund Management and General Catalyst, according to a report
Verition Fund Management is looking to extend its office lease in Dubai, underlining the emirate’s importance to the firm’s long-term strategy, despite an ongoing regional conflict now in its fourth week, according to a report by Bloomberg.
Jasjeet Sekhon, a senior figure at Bridgewater Associates, is set to join Google DeepMind as chief strategy officer, marking a high-profile move from the hedge fund industry into artificial intelligence, according to a report by Reuters.
BlackRock’s Fixed Income Chief Investment Officer Rick Rieder is seeking investor capital for a new hedge fund, marking his first such launch in years, after being passed over for the top role at the US Federal Reserve, according to a
Multi-strategy major Millennium Management is assessing plans to expand its presence in Jersey as some employees look to relocate from Dubai amid ongoing geopolitical tensions in the Middle East, according to a report by the Financial Times.
Executives from hedge fund Kirkoswald Asset Management and hedge fund-turned family office BlueCrest are among a group of international investors visiting Caracas this week, as Venezuela signals a potential reopening to foreign capital, according to a report by Bloomberg.
