US activist hedge fund Engine Capital is agitating for a complete overhaul of Canadian fuel company Parkland Corp after accusing the firm of “staggering” underperformance, according to a report by the Financial Post. In an open letter delivered to the
A global slowdown in mergers and acquisitions has prompted activist hedge funds to adopt a new tactic as they look to profit from their investments – agitating for changes in company leadership, according to a report by Reuters. The report
Goldman Sachs’ latest prime services weekly report shows that the gross exposure of hedge funds – the combined sum of their long and short positions – hit its highest level in a year last week, indicating that they are increasingly
Millennium Management, the hedge fund founded by Izzy Englander, has changed its investor terms so that clients will now always be charged a minimum management fee, even if the fund loses money, according to a report by Bloomberg.
A client note issued by JP Morgan on Thursday has warned that the current hedge fund appetite for European equities may wane on the back of continued rising interest rates and further bond market troubles, according to a report by
Polpo Capital Management, a New York hedge fund founded by Daniel McNamara, is betting against the US commercial property market, having notched up a 119% gain with a short debt linked to US shopping malls, according to a report by
Activist hedge fund Oasis Capital Management has delivered an ultimatum to London-listed The Restaurant Group (TRG) – the owner of the Wagamama and Frankie & Benny’s casual dining chains, demanding either a company overhaul or the removal of CEO Andy
A recent Form 13F filing made with the US Securities & Exchange Commission has revealed the Neuberger Berman Group reduced its stake in Blackstone Inc by 12.1% to 4,625,456 shares in the third quarter after selling 634,353 shares during the
Palliser Capital, a London-based activist hedge fund founded by former Elliot Management exec James Smith, is agitating for a boardroom shake-up at Pendragon, the group behind the Evans Halshaw, Stratstone and CarStore car dealership brands, according to a report by
Brevan Howard Asset Management is continuing its push into the digital assets space with the acquisition of a long-short hedge fund run by crypto investment firm Dragonfly Capital, according to a report by Bloomberg.
