Activist hedge fund firm Third Point, led by billionaire investor Daniel Loeb, has withdrawn from its investment in CoStar Group and will not proceed with a planned proxy contest, according to a report by Reuters citing a recent letter and
Pershing Square Capital Management founder Bill Ackman, has placed the success of his proposed $64bn bid for Universal Music Group heavily on the position of French billionaire Vincent Bolloré, the company’s largest influential shareholder, accordoing to a report by the
Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct allegations, according to a report by the FT.
Impactive Capital is seeking to reshape the board of WEX Inc, including a proposal to replace its long-serving chief executive from her board roles, according to a report by Reuters citing regulatory filings and unnamed sources familiar with the matter.
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
