Two former Pfizer executives have stepped back from hedge fund Starboard Value’s campaign to push for changes at the pharmaceutical giant after previously advocating for the activist investor’s efforts, according to a report by the Financial Times.
Oil prices surged above $80 per barrel on Monday, driven by escalating tensions in the Middle East and concerns over potential supply disruptions in the Gulf of Mexico due to an incoming hurricane, prompting hedge funds to begin adjusting their
Activist hedge fund firm Mantle Ridge has acquired a significant stake in Air Products and Chemicals, and is planing to push for strategic changes at the $63bn industrial gas giant including laying the groundwork for new leadership, according to a
Segantii Capital Management, the hedge fund currently facing insider trading charges, has moved out of its 12,000-square-foot office in Hong Kong, according to a report by Bloomberg citing sources familiar with the situation.
Columbia Threadneedle has teamed with DBS Bank to offer its technology-focused hedge fund strategy – a long-short equity vehicle managed by Paul Wick at Seligman Investments – to high-net-worth clients across Asia, according to report by CityWire.
Activist hedge fund firm Elliott Associates has lost its appeal against the dismissal of its lawsuit against the London Metal Exchange over the cancellation of billions of dollars worth of nickel trades, according to a report by Reuters.
Several China-focused hedge funds have reported stellar returns for September, thanks to a significant rally in Chinese stocks following Beijing’s aggressive economic stimulus measures, according to a report by Reuters.
Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
Citadel, the $64bn multi-strategy hedge fund major, has ramped up its Asia fundamental equities team to more than 60 employees in just over three years, with the latest additions – Portfolio Managers Doris Yang and Jerry Jiang – set to
Quantitative hedge fund firm Two Sigma Investments is preparing to raise external capital for a new real estate investment fund opening up what until now has been an internal operation to outside investors, according to a report by Bloomberg.
