Neuberger Berman has agreed to assume control of MIO Partners, the $20bn investment arm of McKinsey & Co, in a transaction that brings one of the most established in-house hedge fund and alternative investment platforms under the ownership of a
Blackstone is folding its hedge fund seeding operation into its $60bn Absolute Return platform, a move designed to give the firm greater scale as competition intensifies among multi-strategy managers seeking to attract and retain trading talent, according to a report
Citadel has raised $1.25bn through a two-part US bond offering, conducted by Citadel Finance LLC, which included a three-year and a five-year fixed-rate note, with proceeds earmarked for debt repayment and potentially general corporate purposes, according to a report by
The yen carry trade has become a “ticking time bomb” for hedge funds and other leveraged investors, with the potential for a sharp and disorderly unwind, according to a report by Bloomberg citing a note from BCA Research.
Man Group, the world’s largest listed hedge fund firm, has partnered with artificial intelligence research firm Anthropic BPC to integrate advanced artificial intelligence into its investment and operational workflows.
UK-based hedge fund Palliser Capital has submitted a series of shareholder proposals to LG Chem, urging the South Korean chemicals group to take steps to improve governance, increase transparency, and enhance shareholder returns, according to a report by ChosunBiz.
Pfizer has agreed to accept $29m to resolve a long-running dispute linked to the US Securities and Exchange Commission’s 2013 insider trading settlement with SAC Capital Management, the former hedge fund of Steven A Cohen, according to a report by
Bill Ackman’s hedge fund Pershing Square Capital Management has built a substantial position in Meta Platforms, committing around $2bn to the social media and technology group as it sharpens its focus on artificial intelligence-driven growth, according to a report by
Shares in London Stock Exchange Group rose sharply after it emerged that activist hedge fund Elliott Investment Management has taken a stake in the FTSE 100-listed market infrastructure and data provider, according to a report by Bloomberg.
Hedge funds are ramping up option strategies that profit from divergence between individual stocks and broader equity indexes, as pockets of extreme volatility in US and European markets create fresh trading opportunities, according to a report by Bloomberg.
