New York-based activist hedge fund Pura Vida has entered a boardroom battle at global aesthetics device company Cutera Inc with plans to push ahead with “an orderly CEO succession process”, according to a report by Reuters. Amid perceived factionalisation, Pura
Managed futures strategies, which are the most active trader of S&P 500 futures, now have the lowest exposure to the index since June 2017, underlining the hedge fund industry’s strong bearish stance towards equity markets, according to a report by
Hedge funds continue to attract engineers and other technology talent from the investment banking sector, with managers drawing expertise from the likes of Goldman Sachs and Credit Suisse, according to a report by efinancialcareers. Brevan Howard has hired London-based Neal
Daniel Loeb, founder and CEO of event driven hedge fund Third Point, is considering taking SiriusPoint private – less than three years after he agreed to combine his hedge fund’s reinsurance business, Third Point Re, with rival Sirius International Insurance Group
Bronte Capital’s Amalthea hedge fund has taken long bets in UBS and First Citizen, both of which it believes have picked up good assets for a good price as a result of the Credit Suisse and Silicon Valley Bank turmoil,
Hedge funds returned to positive territory in March, advancing 0.34% for the month, but the industry is lagging the broader stock market, which gained 3.67%, according to data published by Backstop BarclayHedge. Year-to-date, the hedge fund industry has advanced 2.60%
Light Street Capital Management has generated double-digit gains in the first quarter of 2023, having earlier suffered a 54% annual loss in 2022, according to a report by Bloomberg. Glen Kacher’s Menlo Park, California-headquartered firm has seen its Mercury hedge
The Securities and Exchange Board of India (SEBI) has introduced sweeping new rules governing the fees charged by alternative investment managers including hedge funds, according to a report by Fund Selector Asia. The new regulations – which take effect on
New York-based hedge fund Versor Investments sees potential growth and profitability in Squarespace, having recently taken a sizable position in the online website building platform, according to a report by BestStocks. The fund reportedly purchased 28,413 shares of the company’s
Hedge funds increased their exposure to stocks in the financial sector amid the banking turmoil in March, swooping in for a buying opportunity at lower prices, according to a report by Reuters. Hedge funds raised their exposure to financials more
