The court-supervised auction of Citgo Petroleum’s parent company has entered its final stages, with an affiliate of hedge fund Elliott Investment Management the front-runner to win control of the seventh-largest US oil refiner, according to a report by Reuters.
Hedge funds increased short positions in large-cap technology and index-tracking securities in August, while select EMEA and APAC names showed sharp utilisation spikes, highlighting potential short-squeeze risks, according to Hazeltree’s latest Shortside Crowdedness Report.
New York-headquartered hedge fund Capstone Investment Advisors is set to shut its Hong Kong office after roughly four years, reflecting the growing challenges faced by smaller multi-strategy funds in Asia’s competitive markets, according to a report by Bloomberg.
Schonfeld Strategic Advisors is expanding into Latin America with plans to open a São Paulo office led by Andre Laport, co-founder of Vinland Capital and a former Goldman Sachs partner, establishing the New York-based firm’s first foothold in Brazil, according
Bridgewater Associates founder Ray Dalio has recommended that neutral investment portfolios should include a 10%-15% allocation to gold to shield investors from risks arising from debt-burdened US markets, according to a report by Reuters.
Barnegat Fund Management, a New Jersey-based hedge fund with $621m in assets, is looking to exploit what it sees as mis-pricing between long- and short-dated German debt prompted by Dutch pension reforms, according to a report by Bloomberg.
Altai Capital Management is preparing for a potential boardroom battle at OraSure Technologies after increasing its stake in the diagnostics company from 3% at the end of June to 5% in recent weeks, according to a report by Reuters.
Hedge funds are ramping up bullish wagers on the Japanese yen through options trades after Bank of Japan officials signalled they remain open to further rate hikes this year, despite political uncertainty in Tokyo, according to data from the CME
Hedge funds including Silver Point Capital, Redwood Capital Management, and Monarch Alternative Capital, are in line for potentially significant gains following EchoStar Corp’s $17bn sale of wireless spectrum to Elon Musk’s SpaceX, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has acquired a 4-5% stake in Japanese regional utility Kansai Electric Power Co, and is now targeting the company’s non-core assets to unlock shareholder value, according to a report by Bloomberg.
