John Aylward’s credit-focused hedge fund Sona Asset Management is planning to expand its London footprint, as strong asset growth and industry-wide hiring continue to drive demand for prime office space among alternative investment firms, according to a report by Bloomberg.
Cubic Corp, the transport technology and defence services group backed by Elliott Investment Management and Veritas Capital, has informed lenders that it intends to defer an upcoming interest payment as it seeks to manage near-term liquidity, according to a report
Daniel Loeb’s hedge fund Third Point is preparing to launch a new activist campaign against real estate data provider CoStar Group, marking the firm’s first major public activism push in nearly three years, according to a report by Reuters.
Ken Griffin’s multi-strategy hedge fund major Citadel is moving into industrial metals trading as record prices and heightened market volatility draw increased hedge fund interest into the sector, according to a report by Bloomberg.
Verition Fund Management has shut down a trading team led by former Goldman Sachs executives Sina Lashgari and Jon Paul, following a period of underperformance, according to a report by Bloomberg citing unnamed people familiar with the matter.
Shares in BH Macro Limited closed sharply higher in trading late on Monday following an announcement from its investment manager, Brevan Howard, regarding a new private fund launch, according to a report by Quoted Data.
Bridgewater Associates has warned that rising government spending and near-term inflation pressures linked to AI are creating an increasingly challenging outlook for global bond markets, prompting the hedge fund to favour equities over fixed income, according to a report by
Hedge funds are re-engaging with the popular swap spread widener trade, which bets that Treasuries will outperform swaps of the same maturity, as the gap between US Treasury yields and interest-rate swap rates continues to expand, according to a report
Elliott Investment Management and British housing entrepreneur Jeff Fairburn, partners in Avant Homes Group, are pursuing legal action against Lloyds Banking Group over who should bear the cost of cladding remediation on properties that fail to meet updated fire-safety regulations.
Shares in GCP Infrastructure rose on Thursday after Saba Capital, the activist hedge fund firm led by Boaz Weinstein, disclosed a stake of more than 5% in the UK-listed investment company, according to a report by Quoted Data.
