Activist hedge fund TMR Capital is plotting a bid for The Restaurant Group in a move that would break up the FTSE 250-listed hospitality company behind Wagamama, according to a report by the Daily Telegraph. The British Virgin Islands-based manager,
Hedge funds are betting on July being the last in the US Federal Reserve’s current programme of aggressive rate hikes aimed at bringing inflation under control, and are moving back into the gold market as a result, according to a
Man Group, the world’s largest listed hedge fund firm, has developed ManGPT, a new portal that allows anyone in the business to access OpenAI’s GPT model in a “safe and controlled fashion”, according to a report by Financial News. The
Rithm Capital Corp, a New York-based asset manager focused on the real estate and financial services industries, is to acquire $34bn hedge fund firm Sculptor Capital Management in a transaction valued at approximately $639m.
Elliott Investment Management’s long-running dispute with the South Korean government still has someway to go after Justice Minister Han Dong-hoon revealed a new law suit aimed at reversing a decision by an international tribunal to award the US hedge fund
M1 Capital, a South Africa-domiciled specialist equity hedge fund investment firm, is suing its prime broker Credit Suisse for $100m over an allegedly incorrect margin call, according to a report by Financial News. In its claim, M1 alleges that Credit
Converium Capital, a hedge fund firm founded by former Fir Tree partners Aaron Stern, and Elliot Ruda, and ex-Clarke executive Michael Rapps in 2021, is sticking with its bet on El Salvador bonds, despite the debt posting a 180% return
TMR Capital, a British Virgin Islands-based activist investment hedge fund, firm wants to see the break-up of Wagamama owner The Restaurant Group, and is eyeing a bid for two of the company’s four divisions, according to a report by The
Activist hedge fund firm Soroban Capital Partners has succeeded in its efforts to force a leadership change at US rail company Union Pacific (UP) after Jim Vena was announced as the company’s new Chief Executive officer, according to a report
Hedge funds’ net purchases of Chinese stocks accelerated to the highest pace seen in nine months this week as the government revealed plans to stimulate economic growth in the world’s second largest economy, according to a report by Bloomberg.
