Boaz Weinstein has revived his effort to replace the board of the Edinburgh Worldwide Investment Trust, less than a year after shareholders rejected similar proposals from his firm, Saba Capital Management, according to a report by Bloomberg.
Coatue Management has co-led a $2.3bn Series D financing round in coding-automation company Anysphere, backing its AI programming platform Cursor and pushing the firm’s valuation to roughly $29.3bn, according to a report by Institutional Investor.
Hedge funds ramped up bearish positions on UK domestically focused equities in the run-up to Wednesday’s Budget, according to a report by Reuters citing a Goldman Sachs client note circulated prior to Chancellor Rachel Reeves’s statement.
New York–based hedge fund Engine Capital has begun a proxy contest at UniFirst, aiming to persuade the lead family trustees — who control the US uniform supplier through super-voting shares — to consider a sale of the business, potentially to
Anthony Scaramucci, founder of hedge fund SkyBridge Capital, has launched a new online course aimed at early-career professionals navigating a challenging labour market and rapid disruption from artificial intelligence, according to a report by Bloomberg.
David Tepper’s Appaloosa Management has taken a significantly larger position in American Airlines Group (AAL), adding 9.25 million shares during the third quarter, according to the firm’s latest 13F filing with the US Securities and Exchange Commission.
French hedge fund Capital Fund Management (CFM) has returned approximately $2bn from its flagship Stratus fund to investors, reflecting a surge in assets under management at the firm, according to a report by Bloomberg.
Mountain Point Credit Management LLC (Mountain Point), a systematic loan manager, has launched a US broadly syndicated loan investment platform with over $1.3bn in assets under management. The firm is led by Founder and CEO Kelly Byrne, who brings two
New research by non-custodial stablecoin management platform Brava Finance shows that 84% of hedge funds who already invest in digital assets say they have a good or better understanding of stablecoins – a digital asset used for making payments or
Ray Dalio, founder of Bridgewater Associates, has raised serious reservations about the viability of the “pod-shop” or multistrat hedge fund model over the long term, telling Bloomberg’s Odd Lots podcast that while it may work for investment management, it is
