With growing expectations that the US Federal Reserve will move to cut interest rates in the coming months, XIB Asset Management, a Canadian hedge fund that gained more than 200% in the first two years of the pandemic, is backing
Multi-strategy hedge fund manager Verition Fund Management has signed a lease for new office accommodation at Piccadilly Circus in the heart of London’s West End, according to a report by Bloomberg.
Bill Ackman, the CEO and Portfolio Manager at hedge fund Pershing Square Capital Management, and his Israeli-born wife Neri Oxman, have paid $25m to acquire a 4.9% stake in the Tel Aviv Stock Exchange, according to a report by Reuters.
Qube Research & Technologies has built a short position against German companies of more than $1bn as Europe’s biggest economy slows in response to a downturn in global demand, according to a report by Bloomberg.
Activist investment firm Trian Fund Management’s $3bn bet on Walt Disney impacted performance in 2023, as the firm, founded by Nelson Peltz, underperformed relative to its activist hedge fund peers, according to a report by Reuters.
For the first time in 10 weeks as of last week, hedge funds bought more stocks of US companies than they sold, adding $554m to their portfolios, according to a report by Reuters citing data from the Bank of America.
China’s securities regulators have asked a number of hedge fund managers to restrict short selling of stock index futures as part of wider plans to stabilise the country’s declining markets, according to a report by Reuters.
Hedge fund Engine Capital has urged Calgary-based fuel retailer Parkland Corporation to focus on refreshing its board of directors rather than fighting a multimillion-dollar legal battle with its largest shareholder, according to a report by The Globe and Mail.
A “significant and unprecedented drawdown” following failed bets in China and Japan has prompted Singapore-based Asia Genesis Asset Management to liquidate its macro hedge fund, according to a report by Reuters.
Global hedge funds turned positive on US technology stocks in the week ending 18 January, upping their share purchases in the sector at the highest pace seen in two months, according to a report by Reuters.
