Activist hedge fund Saba Capital has disclosed a 14.1% holding in Smithson Investment Trust (SSON), the £1.6bn global smaller companies fund managed by Terry Smith’s Fundsmith, intensifying pressure on the underperforming vehicle, according to a report bay Quoted Data.
Shares in Workday jumped nearly 9% on Wednesday after activist hedge fund Elliott Management disclosed a stake worth more than $2bn in the HR software provider, while publicly endorsing its leadership team, according to a report by Reuters.
Man Group, the world’s largest publicly listed hedge fund manager, has entered the US ETF market with the launch of its first standalone products — a move that brings hedge fund-style credit strategies to a broader investor base.
RBC BlueBay Asset Management has taken a long position in the Japanese yen, anticipating potential strength from a Bank of Japan rate hike and the upcoming Liberal Democratic Party leadership contest, according to a report by Bloomberg.
Buenos Aires province has reached a settlement with hedge funds Glacial Capital and TRSE Holdings over defaulted bonds, paying $106 million in cash and bonds after losing a New York court case in 2024, according to a report by Buenos
Global quantitative hedge fund firm Qube Research & Technologies has begun charging some employees performance fees on their personal allocations to the firm’s funds, bringing them in line with external investors, according to a report by Bloomberg.
Hedge fund activists are intensifying their push into Japan, with investments on track to surpass last year’s record as corporate governance reforms and mounting pressure on companies to prioritise shareholder returns create fertile ground for investor engagement, according to a
Macro hedge funds are ramping up bullish option positions on the Australian dollar after the currency rallied to its strongest levels against the US dollar since November, according to a report by Bloomberg citing trading data from the the Depository
Hedge funds including Citadel are emerging as some of the most aggressive tenants in the City of London’s office market, helping fuel a boom in leasing activity that has defied long-standing concerns about a post-Brexit financial exodus, according ton a
Hedge funds have cut bullish wagers on crude oil to the lowest level on record, with investor concerns over a looming supply glut deepening after OPEC+ agreed to raise production, according to a report by Bloomberg citing data from the
