Basis trade positions, a strategy of trading the spread between cash Treasuries and their underlying futures could be on the slide as hedge funds unwind their short Treasury futures bets, according to a report by Bloomberg citing a Bank of
Standard General, a New York-based hedge fund focused on opportunistic investing in levered US mid-market companies, has made a non-binding offer to acquire the remaining shares it does not already own in gaming and betting company Bally’s Corporation.
Steve Cohen’s Point72 Asset Management is limiting new investor inflows in a bid to ensure it secures the best possible returns for existing clients, with AUM already sitting at a record high of $32bn, according to a report by Bloomberg.
The recent upturn in global financial markets has prompted hedge funds to place ever risker bets as they look to maximise returns, despite the use of trading in equities already sitting at near record levels, according to a report by
Having built a stake in Advance Auto Parts, activist hedge funds Third Point and Saddle Point Management have now secured three board seats at the firm as part of a “cooperation agreement” confirmed by the aftermarket car parts provider on
Record bullish speculative interest from hedge funds has helped push gold to an all-time high above $2,200 an ounce, according to a report by Kitco, citing the latest data from the Commodity Futures Trading Commission.
TOP STORY: Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The
George Weiss, Founder of Weiss Multi-Strategy Advisers, unsuccessfully tried to find a buyer for his $3bn firm holding talks with several potential suitors including Millennium Management, before finally deciding to close the business, according to a report by Bloomberg.
Elliott Investment Management, the US activist hedge fund firm founded by Paul Singer, has withdrawn its unsolicited offer to acquire Currys after the UK-based electrical and electronics retailer rejected two bids.
Activist hedge fund ValueAct Capital has restated its support for Walt Disney and the entertainment giant’s current board led by Chief Executive Officer Bob Iger amid a boardroom challenge from rival activist Trian Fund Management.
