Pershing Square Capital Management’s Bill Ackman exited his position in US home improvement retailer Lowe’s, after it generated a net $1.3bn profit for his fund’s investors, according to a report by Reuters.
Rob Furdak, Man Group’s CIO overseeing ESG assets, believes screening for environmental, social and governance risks is not “just to try to make the world a better place”, it also helps improve the “investment process” at the world’s largest listed
Aaron Weiner, a Managing Director at Coatue Management, the $40bn hedge fund founded by Philippe Laffont, will leave the firm at the end of the year to start his own hedge fund, according to a report by Bloomberg citing people
Activist investor Blackwells Capital, a shareholder of The Walt Disney Company, has reaffirmed its support for the entertainment giant’s current CEO Bob Iger in a proxy statement filed with the US Securities and Exchange Commission.
Pershing Square Founder Bill Ackman is set to launch a new US investment portfolio that will offer retail investors access to an investment strategy that mimics his existing hedge fund but with lower fees and faster access to capital, according
Alternative asset, equity and fixed income fund managers have identified private equity, renewable energy and hedge funds as the alternative asset classes most likely to increased inflows in 2024, according to new research by fund management solutions specialist Carne Group.
Vision One Management Partners, an activist hedge fund firm co-founded by former Canadian Prime Minister Stephen Harper and Carl Icahn protégé Courtney Mather, wants US department store operator Kohl’s to put itself up for sale, according to a report by
Equity long-short hedge funds have seen nearly $150bn in client withdrawals over the past five years as investors have lost faith in their ability to capitalise on bull markets and protect cash during market downturns, according to a report by
Top Chinese macro hedge fund Shanghai Banxia Investment Management Center dramatically cut its stock positions last month as the country’s market rout deepened, incurring losses in the process after betting on a rapid economic recovery, according to a report by
Global hedge funds were positioned to profit from last week’s plunge in US regional banking stocks, according to a report by Reuters citing a JPMorgan prime brokerage note to clients.
