Izzy Englander, the founder of multi-strategy hedge fund major Millennium Management, has pipped Ken Griffin, boss of rival firm Citadel, to top spot in a list of the hedge fund industry’s top earners for 2023, according to a report by
Hedge fund Arkhouse Management has nominated a slate of nine individuals to stand for election as Directors to the board of US department store Macy’s after the retailer rejected a $5.8bn take-private offer from the investment firm, according to a
Trading by hedge fund Lingjun Investment has been temporarily restricted by two Chinese stock exchanges because of what they described as “abnormal trading” by the quant-driven firm, according to a report by Reuters.
Hedge funds upped their purchases of stocks in a number of Asian emerging markets including China Korea, Taiwan and India, in the week ending 15 February, just ahead of a cut in China’s benchmark mortgage rate, according to a report
Well-timed decisions to increase bets on chipmaker Nvidia towards the end of last year positioned a number of big-name hedge funds, including Arrowstreet Capital and Bridgewater Associates, to generate big gains as the company’s stock continued to soar in the
A newly buoyant uranium market has prompted an increase in related trading activity by investment banks Goldman Sachs and Macquarie, as well as several hedge fund firms looking to benefit from a spike in the price of the nuclear fuel,
Segantii Capital Management, the Hong Kong-based multi-strategy hedge fund firm founded by Simon Sadler in 2007, has seen its assets shrink by 18% over the past year on the back of investment losses and client redemptions, according to a report
Activist investor Carl Icahn has secured two seats on the board at JetBlue Airways after revealing a 10% stake in the airline and then striking a deal that averts a potential proxy fight, according to reports.
Paul Singer’s $55bn Elliott Investment Management is considering an all-cash offer for UK electrical goods retailer Currys after rejection of its initial £700m bid (62p per share), according to its statement published on the London Stock Exchange.
Hedge fund majors Marshall Wace and Millennium Management are both likely to have profited from the recent sharp fall in Close Brothers’s share price, having held “significant” short positions in the beleaguered merchant bank, according to a report by The
