Elliott Management, the biggest shareholder in Swedish Match, is set to make around $150 million after deciding to back Philip Morris International’s $15.7 billion offer for the smokeless tobacco specialist, according to a report by the Financial Times.
Alberto Gallo, the CIO of London-based hedge fund Andromeda Capital Management, is expecting a further fall in the value of sterling despite the Bank of England raising interest rates by 75 basis points – its highest increase in over three
Eisler Capital is to focus solely on its multi-strategy investment pool after announcing the decision to close its first hedge fund and scrap plans for a new fund launch, according to a report by Bloomberg.
The potential to buy company debt at reduced prices as central banks tighten monetary policy, will see hedge fund investors ramp up their allocations to distressed credit next year, according to a report by Reuters. The report cites a recent survey
Dan Och, the billionaire founder of hedge fund Sculptor Capital Management, which was formerly known as Och-Ziff Capital Management, has rubbished comments made by the firm’s board in defence of current chief executive officer Jimmy Levin.
The digital asset markets crash has claimed another victim with Protocol Ventures LP, a US-based investor in crypto hedge funds, announcing its intention to close down and return cash to investors, according to a report by the Malaysian Reserve. The
Crispin Odey has closed three funds, including his flagship European fund, to new investors having chalked up record gains so far this year, according to a report by Bloomberg. Odey wants to keep assets at a manageable level after the main
David Hu and Aaron Mayer, founders and GPs of Open Heart Capital, a market-neutral, fully-automated, quantitative cryptocurrency hedge fund, have committed to donate a “large percentage” of the fund’s performance fee to “highly effective” charities. Mayer and Hu, who met
Hedge funds will continue to sell gold rallies and maintain an overall bearish outlook on the precious metal until the US Federal Reserve provides more clarity on the pace of its tightening cycle, according to a report by KitCo.
GLG Partners has become the first hedge fund to reveal a wager against S4 Capital, the online advertising business set up by Sir Martin Sorrell in 2018 following his acrimonious split from WPP, according to a report by the Telegraph.
