Elliott Investment Management has built a significant position in Bio-Rad Laboratories as part of a renewed push into the life sciences sector, according to a report by Bloomberg citing unnamed people familiar with the matter.
Hedge funds and asset managers increased bearish bets against the pound last week, with option markets showing a sharp rise in demand for downside protection, according to a report by Bloomberg citing data the DTCC and CME.
Citadel founder and CEO Citadel Ken Griffin has significantly softened his previously sceptical view on artificial intelligence, saying the technology is now powerful enough to meaningfully transform financial work and broader white-collar industries, according to a report by Business insider.
London-based macro hedge funds are scaling back risk in UK government bond markets after sharp losses during March’s volatility reduced appetite for aggressive directional trades, rather than laying off portfolio managers, according to a report by eFinancial Careers.
Venezuela is attempting to halt the court-supervised sale of US refiner Citgo Petroleum, arguing that a sharp increase in the company’s valuation undermines the rationale for a deal that would hand control to an affiliate of hedge fund Elliott Investment
Hedge funds heavily exposed to AI hardware stocks, including Point72, Whale Rock Capital Management and Seligman Investments, posted some of their strongest returns in decades during April, according to a report by the Wall Street Journal citing data from
Skechers USA has reportedly increased its offer to hedge funds and other institutional investors challenging the valuation of the company’s $9.4bn take-private acquisition by 3G Capital, as litigation surrounding the deal continues in Delaware, according to a report by Bloomberg.
Volatility-focused hedge fund firm QVR Advisors is closing its investment fund and seeking to sell its management business after a sharp downturn in performance and sustained investor withdrawals, according to a report by Bloomberg.
Odey Asset Management founder Crispin Odey has settled a series of civil personal injury claims relating to allegations of sexual assault, bringing to a close another major legal dispute involving the former fund manager, according to a report by the
Trian Fund Management, led by activist investor Nelson Peltz, is seeking external financing partners for a potential bid to take fast-food chain Wendy’s Company private, according to a report by the Financial Time citing unnamed people familiar with the discussions.
