A prolonged stock market retreat could prompt trend-following hedge funds to sell between $20bn and $42bn of US equities over the next month according to report by Reuters citing a note issued by the prime brokerage division at Goldman Sachs.
Hedge fund founder Sanjay Shah has been accused of masterminding a “meticulously pre-planned” cum-ex trading scheme that defrauded the Danish government of £1.4bn ($1.7bn) at a civil court case in London brought by Danish tax agency Skat.
Element Capital Management, the global macro hedge fund firm founded by Jeff Talpins, is planning to return around $4bn in external capital to clients as it looks to improve performance and focus on managing its own funds, according to a
Barington Capital, the fundamental, value-oriented activist hedge fund firm founded in 2000 by James A Mitarotonda, wants Paramount Global to scrap its exclusive merger talks with Skydance Media, according to a report by Reuters.
Struggling Covid-19 vaccine maker Novovax is coming under pressure from US-based activist hedge fund firm Shah Capital – which owns 6.6% of the company’s stock – to implement an “urgent shake-up” of its board and overhaul its sales strategy, according
Global proprietary trading firm Jane Street Capital has taken legal action against multi-strategy hedge fund major Millennium Management and two former employees over the alleged theft of trader secrets, according to a report by the Financial Times.
Shares of life insurance company Globe Life dropped by 54% to $57, their lowest point in over a decade, after short seller Fuzzy Panda Research published a research report alleging insurance fraud at the company, according to a report by
A slump in Apple’s share price, coupled with the potential for AI upgrades to its iPhones, has led to the company attracting the attention of increasing numbers of hedge funds, according to a report by Bloomberg citing analysts at JPMorgan
New York-based activist hedge fund FourWorld is looking to reverse a deal involving Frontline, a shipping company controlled by Cyprus’s richest citizen, John Fredriksen, and Belgian crude oil shipping group Euronav, according to a report by the Financial Times.
London-based emerging markets-focused macro hedge fund Broad Reach Investment Management is putting the entirety of its cash allocation for frontier markets into recovery stories in Egypt, Nigeria and Pakistan, according to a report by Bloomberg.
