Investors pulled $667m from Sculptor Capital Management’s main hedge fund during the third quarter of the year marking the sixth consecutive quarter of net redemptions for the fund, according to a report by Bloomberg.
Elliott Investment Management the US-based activist hedge fund firm founded by Paul Singer, is looking to raise up to $7bn in new cash from investors to take advantage of stressed and distressed trading opportunities, according to a report by Bloomberg.
David Einhorn, the founder of hedge fund Greenlight Capital, which has chalked up a return of 27.7% in the first nine months of 2023, is “worried about the direction of the market”, according to a report by Reuters.
Hedge fund JAT Capital wants to see a change of Chief Executive Officer at internet retailer Overstock.com as it blames incumbent Jonathan E Johnson III for the company’s poor performance, according to a report by Reuters.
Excessive payouts to poach staff made by some multi-strategy majors are fuelling a talent war in the global hedge fund industry, according to Marshall Wace Co-founder Paul Marshall and PAG Co-founder Chris Gradel.
Sculptor Capital Management, the hedge fund at the centre of a takeover between Rithm Capital and an investor group led by Saba Capital Management boss Boaz Weinstein, has acquired more loans from French hotels operator AccorInvest Group SA, according to
Man Group, the world’s biggest publicly listed hedge fund, is sticking by the contrarian bearish stance it adopted during an emerging-market rally earlier this year, when it predicted a yet-to-materialise “violent” sell-off, according to a report by Bloomberg.
BNY Mellon is seeking seed capital from investors for its $111bn London-based investment boutique Newton Investment Management which is looking to gain a foothold in the multi-manager hedge fund sector dominated by the likes of US giants Citadel and Millennium,
Hong Kong-based Infini Capital Management has added to competition in the multi-manager hedge fund sector with the launch of a new flagship fund, the Infini Global Master Fund, and is also planning on opening a new office Abu Dhabi, according
Virtu Canada Corp is suing troubled Toronto-based hedge fund firm Traynor Ridge Capital Inc over at least CAD5m in losses it says it incurred executing trades asked it to execute but then failed pay for, according to a report by
