US hedge fund Davidson Kempner Capital Management has bought $1.1 billion portfolio of bad debt from Abu Dhabi Commercial Bank (ADCB) consisting of 44 corporate loans to United Arab Emirates-based small- and medium-size enterprises, according to a report by Bloomberg.
Activist hedge fund firm Elliot Management is planning to nominate a slate of director candidates at Salesforce after acquire multi-million dollar stake in the could-based software company, according to a report by EuroNews. The report cites unnamed sources as revealing
Activist hedge fund Third Point owns a stake in Salesforce Inc, the software company currently facing pressure from four other activist investment firms to make changes at board level, according to a report by Reuters.
Bridgwater Associates, the hedge fund firm founded by Ray Dalio, almost tripled the size of its bets on both GameStop and AMC during the final quarter of 2022, according to a report by Business Insider India. The report cites the
Hedge funds and distressed debt specialists are scooping up Adani Group’s dollar bonds, while traditional asset managers are ditching their holdings on the back of short-seller Hindenburg Research’s damning assessment of the business, according to a report by Bloomberg,
Hedge funds Scion Asset Management, the firm run by “Big Short” investor Michael Burry, Farallon Capital Management, and Coatue Management are among the big name firms who made large bets on Chinese companies in January, ahead of the country abandoning
Asia-focused hedge funds posted a 5.3% gain in January, their best monthly performance since 2016, as the share prices of Chinese companies rebounded strongly following the lifting of strict ‘zero Covid’ restrictions, according to a report by Reuters.
South Korean activist investor the Korea Corporate Governance Improvement Fund, is to sell its 6.92% stake in Osstem Implant Co to a consortium of private equity firms looking to gain control of the dental implant specialist, according to a report
More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains.
London-based hedge fund Oceanwood Capital Management has made around $150 million from a bet on bankrupt Norwegian newsprint manufacturer Norske Skog ASA, nearly five years after it bought the business out of bankruptcy, according to a report by Bloomberg.
