Saba Capital Management has secured a notable victory in a campaign targeting UK-listed investment trusts, after Edinburgh Worldwide Investment Trust moved to support a shareholder exit proposal aligned with its strategy, according to a report by Bloomberg.
Wall Street banks are poised to report a combined trading windfall exceeding $40bn for the first quarter, as escalating geopolitical tensions in the Middle East and renewed military activity in Venezuela fuel sharp swings across global financial markets, according to
Chase Coleman’s Tiger Global Management has agreed to back PopUp Bagels in a deal that values the fast-growing brand at around $300m, according to a report by Bloomberg citing unnamed sources familiar with the transaction.
A surge of institutional and hedge fund capital is reshaping the global reinsurance industry, as alternative investors increasingly channel money into catastrophe bonds and other insurance-linked securities, challenging a 180-year-old risk-transfer model, according to a report by Bloomberg.
JPMorgan analysts expect a near-term tailwind for equity markets as macro hedge funds begin rebuilding equity exposure after a sharp reduction in risk during March’s market volatility’s according to a report by Investing.com.
The size of Ireland’s €400bn hedge fund industry means it is unlikely to pose a systemic threat on its own, though risks could emerge through international linkages and correlated trading strategies, according to a report by the Independent citing analysis
Brazil’s hedge fund industry suffered its weakest monthly performance in six years in March, as a sharp repricing in global interest rates – driven by surging energy prices – unravelled widely held macro positions across local managers, according to a
Activist investor Shah Capital has announced its intention to vote against the re-election of Novavax’s board members and its executive compensation plan at the biotech’s forthcoming annual meeting, escalating pressure on the vaccine maker for strategic changes, according to a.
The dispersion trade, a popular options strategy that profits from differences between individual stock volatility and index volatility, posted its worst monthly performance since 2011 in March, according to a report by Bloomberg.
Hedge funds are rapidly closing short positions in US equities at a pace not seen since the market rebound following the March 2020 pandemic crash, according to a report by Reuters citing data from Goldman Sachs.
