Hedge funds, including Gudo Investment Management, which profited from a 250% increase in the stock of Samyang Foods last year, are betting that there’s more to come from the South Korean spicy instant noodle maker, according to a report by
Activist hedge fund Ananym Capital Management is preparing to launch a proxy fight at dental and medical distributor Henry Schein, aiming to nominate up to six directors to the company’s board, according to a report by Reuters.
Hedge funds have shifted their focus toward European consumer discretionary stocks, particularly luxury goods, while betting against companies exposed to potential US tariffs, according to a report by Reuters citing a Goldman Sachs note released this week.
Activist investor Mantle Ridge has garnered sufficient backing from shareholders of Air Products and Chemicals to secure multiple seats on the company’s board of directors, according to a report by Reuters citing two sources familiar with the matter.
Seth Klarman’s Baupost Group, once a standout in the hedge fund world, has seen its clients withdraw approximately $7bn over the past three years as the firm grappled with underwhelming returns, according to a report by Bloomberg.
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.
