Envestnet Inc has added three new directors to its board following pressure from activist investment firm Impactive Capital, which has been pushing for the fintech to prove its performance by cutting costs, according to a report by Reuters. The new
Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy.
Hedge fund Luxor Capital has made a last-ditch attempt to prevent the merger of auctioneer Ritchie Bros (RBA) with rival IAA Inc, by urging shareholders to oppose the proposed deal ahead of today’s special meeting of RBA shareholders. Despite the
Hedge funds are set to profit from the rout in bank stocks triggered by the sudden demise of Silicon Valley Bank and Signature Bank thanks to bearish positions against the banking sector, according to a report by Reuters.
Activist investor Carl Icahn is preparing to launch a proxy fight at Illumina, seeking three board seats, prompted by the biotech company’s $8 billion acquisition of cancer screening start-up Grail, which Icahn says is now costing the company $800 million
Several hedge funds including Citadel have been buying up shares in smaller banks, after the failure of Silicon Valley Bank and Signature Bank triggered a banking sector stock sell-off, according to a report by Reuters. The report cites a regulatory
Man Group chief executive officer Luke Ellis earned $11.3 million in 2022 from his base salary, bonus payment and share grants, the largest pay packet of any Man Group head in the last 14 years, according to a report by
China-based macro hedge fund manager Li Bei, the founder of Shanghai Banxia Investment Management Center, has sounded the alarm over a popular type of derivative, following the country’s stock rally, according to a report by Bloomberg. In an article published
A number of hedge fund firms, including Bridgewater Associates, Millennium Management and Marshall Wace, have upped their short bets against European banking shares following the collapse of Silicon Valley Bank and Signature Bank, according to a report by Reuters, citing
Global macro major Brevan Howard has grounded several traders in a move aimed at limiting losses after the collapse of Silicon Valley Bank and Signature Bank triggered big swings in the bond market, according to a report by Bloomberg.
