Short sellers turned defensive in October as consumer-facing companies became the most crowded trades globally, while technology names continued to attract bearish bets, according to Hazeltree’s latest Shortside Crowdedness Report.
The Alternative Investment Management Association (AIMA) is lobbying the UK government to exempt hedge funds from upcoming climate disclosure rules that would require firms to publish detailed transition plans toward net zero, according to a report by Bloomberg.
TriMas Corp has agreed to sell its aerospace division to an affiliate of investment firm Tinicum for $1.45bn in cash, as the US packaging manufacturer responds to activist pressure from hedge fund Barington Capital to streamline operations, according to a
Steve Cohen’s Point72 Asset Management has tripled its position in Lionsgate Studios Corp, lifting its stake to 5.1% as the hedge fund deepens its exposure to the independent film and television producer behind The Hunger Games franchise, according to a
Capula Investment Management’s former US compliance officer, Igor Abramov, has filed a lawsuit claiming he was wrongfully terminated after raising concerns over the firm’s expense practices and trading activity, according to a report by Bloomberg.
Bridgewater Associates has cautioned investors that markets may be underestimating structural risks underpinning the recent AI-driven surge in US equities, with growth expectations now approaching levels last seen during the dot-com bubble, according to a report by Reuters.
A group of hedge funds, including Citadel, Athos Capital, and Maven Investment Partners, have challenged the price of SBI Holdings’ 2023 buyout of Shinsei Bank, arguing that the JPY2,800-per-share offer significantly undervalued the lender, according to a report by Bloomberg.
Steve Cohen’s multi-strat hedge fund firm Point72 Asset Management is restructuring its equity platform and launching a new stock-picking business, Valist Asset Management, as firm assets climb to $42bn, according to a report by Bloomberg.
London is establishing itself as a major centre for quantitative finance, with several UK-based trading firms and hedge funds including XTX and Qube, generating multibillion-pound revenues and attracting top talent, according to a report by the FT.
Several activist hedge funds have narrowly avoided steep losses after Kimberly-Clark’s $40bn acquisition of Kenvue, the Johnson & Johnson consumer health spin-off, reversed a brutal selloff in the stock, according to a report by the Wall Street Journal.
