Hedge funds have upped their exposure to the seven biggest technology company stocks to the highest level ever seen, just as Nvidia hit an all-time individual high after exceeding revenue expectations, according to a report by Reuters.
Templeton Global Income Fund has selected Saba Capital Management (Saba), a global alternative asset management firm specialising in credit relative value strategies and capital structure arbitrage, as its new investment adviser.
A disgruntled former employee is to blame for a “series of misinformation attacks” against Tiger Global Management over the past several months, according to a report by Bloomberg citing a letter sent to investors by the New York-based investment firm.
Weiss Multi-Strategy Advisers, a New York-based hedge fund firm with around $3bn in assets under management, has axed four of its trading strategies as part of a review of its investment teams, according to a report by Bloomberg.
Improving optimism for emerging market equity futures has prompted hedge funds to increase their bullish positions in the asset class to the highest level seen since the pandemic three years ago, according to a report by Bloomberg.
US-based activist hedge fund firm Elliot Management’s 124 UK staff shared a £160 million pay pot last year after the company’s UK operation Elliot Advisors UK saw profits increase by 10%, according to a report by The Guardian.
Odey Asset Management has moved out of its long-time Mayfair headquarters and is now operating out of serviced office accommodation as the firm continues to dismantle itself in the wake of allegations of sexual assault and harassment levelled at founder
Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg.
New York-based activist hedge fund Starboard Value has seemingly identified it’s next restaurant sector target after a recent SEC regulatory filing revealed that the fund has acquired minority stake in Bloomin’ Brands which gives it nearly 10% of voting rights
Sculptor Capital Management received multiple takeover bids in excess of the $639m offer it accepted from Rithm Capital Corp last month – some valuing the firm at more than $700m – according to a report by Bloomberg.
