International sports betting and gambling company Entain, the owner of a number of brands including Ladbrokes and Coral, has succumbed to pressure from activist hedge fund investors with the appointment of Eminence Capital founder Rick Sandler as a Non-Executuve Director,
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters.
Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters.
The downward trend in oil prices continued in the last days of 2023 despite a bout of short-covering by hedge funds in the final two weeks of the year as portfolio managers squared up some crude short positions, according to
Activist investment firm Blackwells Capital, and a shareholder of The Walt Disney Company (Disney), has nominated three candidates for election to the entertainment giant’s Board of Directors – Jessica Schell, Craig Hatkoff and Leah Solivan.
Point72 Asset Management, the hedge fund firm run by Steve Cohen, has joined a group of investors that have built up a big bet against shares of British wealth management firm Hargreaves Lansdown, according to a report by The Times.
TOP STORY: A surge in the price of raw uranium to 16-year highs has prompted tens of hedge fund firms to begin buying and stockpiling barrels of the raw nuclear power fuel, according to a report by the Daily Telegraph.
New hedge fund launches and liquidations were steady into the fourth quarter as managers positioned for the peak of generational inflation and the conclusion of aggressive interest rate increases which have dominated the past two years.
A report by The Times notes that the online fashion retailers Boohoo and Asos, as well as Kingfisher, the owner of B&Q, J Sainsbury and the online gift business Moonpig are among the top ten most shorted companies, according to
The US dollar continues its downward trajectory, hitting a multi-week low, influenced by market anticipation of an early Federal Reserve rate cut, possibly in March. This sentiment is reinforced by falling treasury yields which add to the pressure on the
