Hedge funds have begun reducing bearish positions on French luxury group Kering after the appointment of a new CEO signalled a potential strategic shift at the company, according to a report by CNBC citing unnamed sources familiar with the matter.
Hedge funds have ramped up bullish bets on crude at the fastest pace in three months, with escalating geopolitical tensions in the Middle East and Eastern Europe driving a renewed risk premium into oil markets, according to a report by
Boothbay Fund Management has appointed SS&C GlobeOp as fund administrator for its $2.5bn multi-manager platform, which oversees more than 140 separately managed accounts, according to a report by Alternatives Watch.
A US court has given a boost to activist investor Elliott Investment Management’s bid for Citgo Petroleum’s parent company, PDV Holding, through an ongoing court-ordered auction of shares, according to a report by Reuters.
Credit-focused hedge fund firm Daimeter Capital Partners and private investment firm Apollo Global Management haver closed short positions against the debt of First Brands Group, the heavily leveraged US auto-parts maker, according to a report by Bloomberg.
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
