Hedge funds have net bearish on the Japanese yen for the first time in nearly four months, ahead of a Sunday’s upper house election, which saw Japan’s ruling coalition lose its majority, according to a report by Bloomberg citing data
Merger arbitrage hedge funds including Citadel Advisors, Adage Capital Management, and HBK Investments, are cashing in on one of the year’s most lucrative event-driven plays, as Chevron’s long-delayed $53bn acquisition of Hess Corp finally closed, according to a report by
TOP STORY: Man Group has cut jobs and elevated long-time executive Greg Bond (pictured) to the newly created role of Chief Investment Officer, as CEO Robyn Grew pushes ahead with an overhaul of the firm’s leadership structure, according to a
Elliott Investment Management, the $70bn activist hedge fund firm led by Paul Singer, is embroiled in a courtroom battle with Texas-based private equity firm Stronghold Investment Management over tens of millions in disputed fund expenses, according to a report by
Hewlett Packard Enterprise has struck a boardroom truce with activist investor Elliott Investment Management, naming veteran tech executive Robert Calderoni to its board and establishing a new strategy committee he will chair, according to a report by Reuters.
A high-stakes legal battle has erupted between Walleye Capital and former volatility arbitrage head Geoff Tennican, highlighting the intensifying tensions hedge funds face when top talent exits to launch rival ventures, according to a report by Bloomberg.
Hedge funds are showing renewed interest in China’s $19tn equity market, three years after many shunned it as “uninvestable,” drawn by tech opportunities and the chance to diversify beyond crowded US assets, according to anecdotal evidence supported by data from
Man Group, the world’s largest listed hedge fund firm, is to acquire Bardin Hill, a New York-based private credit manager with approximately $3bn in AUM, in a move that strengthens the firm’s growing presence in the US and its alternative
One year after its much-hyped launch with $5.3bn in capital commitments – short of its original $8bn–$10bn target, but still the largest hedge fund debut since 2018 – Bobby Jain’s hedge fund Jain Global has lagged the performance of its
Hedge fund creditors, including VR Capital, are holding firm against a proposed second restructuring of Ukrainian Railways’ international bonds, demanding tariff reforms before agreeing to any new deal, according to a report by Bloomberg.
