US activist hedge fund Saba Capital has suffered a setback in its campaign to shake up the UK’s closed-ended investment trust sector, as shareholders of Herald Investment Trust decisively rejected its proposal to replace the board, according to a report
Saba Capital Management has reached agreements with BlackRock Advisors to initiate significant cash tender offers for two of its closed-end funds – the BlackRock Innovation and Growth Term Trust and the BlackRock Health Sciences Term Trust.
Element Capital Management, the macro trading hedge fund led by Jeff Talpins, returned over $6bn to investors in 2024, reducing its assets under management to $3bn, with internal capital now accounting for 90% of that total, according to a report
Ray Dalio, the founder of the world’s largest hedge fund firm, Bridgewater Associates, has called for a reduction in the US budget deficit to help stabilise the bond market and lower interest rates, according to a report by CNBC.
Global macro trading hedge fund firm Brevan Howard Asset Management has reduced its global trading workforce by approximately 7%, impacting about a dozen traders across its offices in New York, London, and Abu Dhabi, according to a report by Bloomberg.
Hedge funds have positioned their strategies for Trump 2.0 by ramping up their market positions with the highest levels of borrowing seen since 2010 and bets on the continuing rise of the dollar, according to a report by Reuters.
The Edinburgh Worldwide Investment Trust (EWIT) has labelled a campaign by US hedge fund Saba Capital as an “existential threat”, and is urging investors to oppose the hedge fund’s plan to oust its board and install its own nominees, according
Activist investor Starboard Value has acquired a 7.7% stake in chipmaker Qorvo, potentially signalling the start of efforts by the hedge fund to push for improvements at the company, which saw a 37% decline in its share price last year,
Saba Capital Management, the US activist investment firm headed by Boaz Weinsten, has issued a new presentation outlining its plans to deliver “shareholder value” at seven UK investment trusts by improving liquidity and long-term returns.
The US Securities and Exchange Commission (SEC) has announced a settlement with hedge fund Two Sigma over charges related to its failure to address known vulnerabilities in its investment models, according to a report by Reuters.
