A fall in the main US stock market indexes last week which hit hedge funds’ long bets prompted managers to cut their exposure to domestic stocks, according to a report by Reuters citing a note by Morgan Stanley’s prime brokerage
A group of institutional investors, led by the Teacher Retirement System of Texas, has written an open letter to the hedge funds industry, calling for managers to adopt “cash hurdles”, which must be reached before management fees are charged.
Activist hedge fund firm Elliott Investment Management is pushing SoftBank Group to launch a $15bn share buyback programme after rebuilding a stake in the Japanese technology investor worth more than $2bn, according to a report by the Financial Times.
A wave of takeover bids at UK companies targeted by short sellers has caught out hedge funds including Millennium Management, GLG and Gladstone Capital Management, prompting others to think twice about betting against UK stocks, according to a report by
Taula Capital, the new hedge fund firm founded by former Millennium Management senior trader Diego Megia, has closed to new money on its first day of trading after launching with $5bn in AUM, according to a report by Bloomberg.
George Weiss, founder of bankrupt hedge fund firm Weiss Multi-Strategy Advisers, owes investment bank Jefferies $100m after personally agreeing to guarantee a debt package prior to the firm becoming insolvent, according to a report by Bloomberg.
Pershing Square boss Bill Ackman is planning to raise $1.05bn from the sale of a 10% stake in his hedge fund firm, giving it a valuation of about $10.05bn, with an eventual IPO, perhaps as early as 2025, being the
Two US-based hedge fund firms – Glacial Capital and TRSE – have filed a complaint in a New York court against Buenos Aires province over $77m in defaulted debt on bonds issued in 2011, according to a report by the
Hedge funds and other investors have upped their short wagers on UK online grocer Ocado amid continuing speculation over the company’s future following its struggle to turn a profit, according to a report by ThisIsMoney.
B2C2, a provider of institutional liquidity and credit for digital assets, has opened a new office in Singapore, building on its existing presence in Japan and other financial centres.
