The European Central Bank has warned that the growing use of leverage by hedge funds in euro-area bond markets could heighten financial stability risks during periods of market stress, according to a report by Bloomberg.
Whale Rock Capital Management, the technology-focused hedge fund led by Alex Sacerdote, significantly increased its exposure to a trio of artificial intelligence infrastructure companies during the first quarter, while trimming its position in chip giant Nvidia, according to a report
Pershing Square’s proposed €55bn acquisition of Universal Music Group (UMG) has suffered a major setback after the Bolloré family, the company’s largest shareholder, publicly voiced opposition to the transaction, according to a report by the Finsancial Times.
Prediction market platforms including Kalshi are increasingly targeting hedge funds and other institutional investors as they look to move beyond their retail trading base and enter the next stage of market expansion, according to a report by Reuters.
Electronic design automation software provider Synopsys has reached a cooperation agreement with activist investor Elliott Investment Management that will see Elliott managing partner Jesse Cohn join the company’s board, according to a report by Reuters.
Hedge fund managers are increasingly looking beyond China’s artificial intelligence boom, instead focusing on overlooked domestic champions and niche sectors as they search for differentiated opportunities in the region, according to a report by Fund Selector Asia.
Asian markets turned risk-off on Thursday as renewed military escalation in the Middle East pushed oil higher and pressured equities across Asia, while investors also braced for key US inflation data, according to a report by Reuters.
Bank of America has initiated coverage on Pershing Square Holdings with a Neutral rating, describing Bill Ackman’s investment firm as a “Baby Buffett” model that is helping democratise hedge fund ownership for retail investors, according to a report by Benzina.
Activist investor Ancora Holdings has urged H.B. Fuller to drop its proposed acquisition of UK-based Advanced Medical Solutions Group, arguing the deal is too risky and could undermine shareholder value, according to a report by Bloomberg
Macro trader John Curtice has left Brevan Howard Asset Management less than two years after joining the hedge fund firm, according to people familiar with the matter, cites a report by Bloomberg.
