Third Point Management, the New York-based hedge fund firm founded by activist investor Daniel Loeb, is planning to mount a board challenge at Bath & Body Works, despite the recent addition of new directors at the beauty product retailer, according
Tor Svelland, the boss of shipping-focused hedge fund Svelland Capital, has predicted another bumper year for the industry on the back of China’s economy reopening and a lack of fleet expansion across the globe, according to a report by Bloomberg.
BFAM Partners, the Hong Kong-based investment firm founded by Benjamin Fuchs, could be on the road to recovery after a troubled 2022, with the both the firm’s main hedge fund and a side pocket of illiquid Chinese credit recording gains
Staff at Bridgewater Associates are top of the league when it comes to employee perks, according to data from Levels.fyi, with the firm spending $21,414 per year per employee on a range of benefits including free meals, pension contributions and
Struggling money manager Janus Henderson is looking to hedge fund and private credit investments as part of a strategy to revive its fortunes having seen investors withdraw in the region of $130 billion of funds since 2017, according to a
More than $145 billion has been wiped from the value of Gautam Adani’s business empire in the month since US short seller Hindenburg Research first accused the company of stock market manipulation and accounting fraud, according to a report by
The Federal Communications Commission has ordered a hearing on hedge fund Standard General LP’s proposed purchase of broadcaster Tegna Inc, a move that could cause the $5.4 billion deal to collapse completely, according to a report by Bloomberg.
Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report by
Active Digital, a new digital asset hedge fund firm, has launched with a team of experienced traders providing a collective 27 years of crypto trading experience. The firm has already begun trading with personal capital and is seeking investments from
Christopher Hohn, founder of the London-based hedge fund TCI Fund Management, has written to European aerospace giant Airbus demanding that the company ditch its plans to acquire a minority holding in Evidian, a division of Atos, which is soon to
