Funds
Hedge funds and institutional investors stepped in to buy last week’s market pullback even as outflows from the technology sector hit multi-year lows, according to a report by Investing.com, citing Bank of America’s latest client-flow report.
Ukraine has reopened negotiations with holders of its GDP-linked warrants as the government seeks to revise $3.2bn of growth-linked debt, according to a report by Bloomberg citing people familiar with the matter.
Balyasny Asset Management is adding to its equities platform with the launch of a new pod led by former Marshall Wace partner Steve Binetter, according to a report by eFinancialCareers.
The new head of the Bank for International Settlements has urged policymakers to tighten oversight of hedge fund leverage in government bond markets as sovereign debt levels continue to rise, according to a report by Reuters.
Parvus has doubled its stake in Flutter this year, according to recent regulatory filings. The London-based activist fund, led by founder Edoardo Mercadante, disclosed a holding of more than 5% on 18 November.
Billionaire investor Bill Ackman is targeting a $5bn initial public offering for his US-listed closed-end fund, to be launched alongside an IPO of his hedge fund firm Pershing Square Capital Management, according to a report by Bloomberg.
“The Big Short” investor Michael Burry has launched a paid Substack newsletter following the closure of his hedge-fund business, continuing to criticise the tech stocks behind the AI boom.
Hedge funds increased their US equity positioning for the third consecutive week, with net buying accelerating across several sectors, according to a report by InvestorsHub citing Goldman Sachs’ prime brokerage desk.
Hedge funds moved quickly to cover short positions on Friday which were undermined after a sharp rebound in US equities, according to a report by Bloomberg.
Bill Ackman is preparing a dual-offering structure through his firm Pershing Square Capital Management and a new closed-end investment vehicle, Pershing Square USA, according to a report by the Wall Street Journal citing sources familiar with the matter.
