Activist investor Elliott Investment Management has taken a significant position in Japanese shipping group Mitsui OSK Lines (MOL), aiming to drive improvements in shareholder returns and capital efficiency, according to a report by Reuters.
Activist investor Altai Capital Management is stepping up pressure on OraSure Technologies, calling on the diagnostics company to pursue a sale and grant it board representation as part of a strategic review, according to a report by Reuters.
Hedge funds including Fivestar Asset Management are adjusting positions ahead of the Bank of Japan’s upcoming policy meeting, anticipating that Governor Kazuo Ueda could signal a hawkish stance amid inflationary pressures arising from the Iran conflict, according to a report
Activist investor Jana Partners is pressing theme park operator Six Flags Entertainment to explore a potential sale and overhaul its board leadership, according to a report by Reuters citing a letter sent to the company’s directors.
Global hedge funds have been selling and shorting shares across banks, insurers, fintech firms, and trading companies, making financials the most heavily sold sector this year, according to a a report by Reuters citing a client note from Goldman Sachs.
Millennium Management has withdrawn its $1bn allocation from Scopia Capital Management, just over a year after committing the capital to the equity long-short hedge fund, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Davidson Kempner Capital Management has warned that financial stress across the private capital industry is deeper than many on Wall Street recognise, with a “substantial portion” of private equity firms already under pressure, according to a report by the Financial
Palliser Capital (UK) Ltd says South Korean investors are becoming increasingly receptive to foreign-led shareholder activism, with local stakeholders showing more willingness to challenge management at family-controlled conglomerates, according to a report by Reuters.
Oaktree Capital Management is preparing to acquire control of a US life insurer as part of a restructuring linked to the collapse of Miami-based investment firm 777 Partners, according to a report by the Financial Times.
Infini Capital has confirmed that its business and investment operations “remain normal” following reports that Hong Kong authorities have launched an insider trading investigation involving multiple financial firms, accordoing to a report by Reuters.
