Managers
London-based macro hedge funds are scaling back risk in UK government bond markets after sharp losses during March’s volatility reduced appetite for aggressive directional trades, rather than laying off portfolio managers, according to a report by eFinancial Careers.
Venezuela is attempting to halt the court-supervised sale of US refiner Citgo Petroleum, arguing that a sharp increase in the company’s valuation undermines the rationale for a deal that would hand control to an affiliate of hedge fund Elliott Investment Management, according to a report by Reuters.
Hedge funds heavily exposed to AI hardware stocks, including Point72, Whale Rock Capital Management and Seligman Investments, posted some of their strongest returns in decades during April, according to a report by the Wall Street Journal citing data from PivotalPath.
Skechers USA has reportedly increased its offer to hedge funds and other institutional investors challenging the valuation of the company’s $9.4bn take-private acquisition by 3G Capital, as litigation surrounding the deal continues in Delaware, according to a report by Bloomberg.
Volatility-focused hedge fund firm QVR Advisors is closing its investment fund and seeking to sell its management business after a sharp downturn in performance and sustained investor withdrawals, according to a report by Bloomberg.
Odey Asset Management founder Crispin Odey has settled a series of civil personal injury claims relating to allegations of sexual assault, bringing to a close another major legal dispute involving the former fund manager, according to a report by the Financial Times.
Trian Fund Management, led by activist investor Nelson Peltz, is seeking external financing partners for a potential bid to take fast-food chain Wendy’s Company private, according to a report by the Financial Time citing unnamed people familiar with the discussions.
Hong Kong-based Pamalican Asset Management Ltd has vacated space in one of the city’s most high-profile office buildings, The Henderson, roughly a year after its early backing from Millennium Management was withdrawn, according to a report by Bloomberg.
Investors representing close to 10% of Intertek Group Plc, including activist hedge funds Lost Coast Collective and Palliser Capital, are calling on the company’s board to engage with PE firm EQT AB over its final offer to acquire the testing and assurance business, according too a report by Bloomberg.
Dymon Asia Capital Pte Ltd is on track to reach $8bn in assets under management, exceeding earlier expectations as global investor demand for Asia-focused hedge fund strategies continues to strengthen, according to a report by Bloomberg.
