DE Shaw & Co is lengthening investor withdrawal periods on two of its largest hedge funds while closing smaller vehicles, reflecting a broader industry shift among multi-strategy managers toward tighter liquidity controls and more stable capital bases, according to a
Bill Ackman’s Pershing Square Capital Management is set to generate a substantial profit from its long-held investment in Universal Music Group NV as it unwinds its position following the rejection of its latest takeover proposal by the company, according to
Fasanara Capital is expanding its presence in asset-backed lending with the launch of a specialist platform dedicated to financing high-value Ferrari vehicles, highlighting the continued evolution of private credit into increasingly niche asset classes, according to a report by Bloomberg.
Activist investor Barington Capital Group has disclosed an investment in healthcare services provider Chemed Corp and is advocating for changes at the board level, arguing the company has the resources and operational potential to deliver stronger performance, according to a
Citadel is preparing to launch a new programme that will pay external hedge funds for investment insights, broadening its efforts to source trading signals that can be incorporated into its quantitative investment strategies, according to a report by Bloomberg.
The majority of investors labelled as activists participate in only a handful of campaigns, while a small group of highly active firms generates the strongest outcomes for shareholders, according to a report by the Financial Times citing new research from
Segantii Capital Management founder Simon Sadler told a Hong Kong court that he was under significant personal and professional strain in 2017, the year central to allegations that the hedge fund traded on material non-public information in connection with Esprit
An Ontario court has approved the distribution of assets recovered from the receivership of defunct hedge fund manager Traynor Ridge Capital Inc, while dismissing a multimillion-dollar damages claim brought by an energy company, according to a report by Investment Executive.
Hedge funds stepped up purchases of US equities last week at the strongest pace seen in six months, according to a report by Bloomberg citing data from Goldman Sachs’ prime brokerage division, signalling a renewed willingness among managers to add
Arrowpoint Investment Partners is scaling up its multi-strategy hedge fund platform, adding new trading teams and preparing to raise assets toward a $2.5bn–$3bn target in the second half of the year, according to a report by Bloomberg citing unnamed people
