Managers
Two Sigma’s billionaire co-founders are facing fresh arbitration proceedings as a long-running dispute over governance and management at the $80bn quantitative hedge fund continues to escalate, according to a report by Bloomberg.
Marshall Wace is preparing to establish a Tokyo office next year, adding the $90bn UK asset manager to a growing list of global hedge funds expanding their footprint in Japan, according to a report by Bloomberg.
TOP STORY: US equity futures edged lower and Treasury yields were broadly steady on Friday as investors held back from making major moves ahead of Federal Reserve Chair Kevin Warsh’s closely watched speech at the Jackson Hole symposium, according to a report by Bloomberg.
DeepSeek is seeking additional outside capital to finance its ambitions in artificial intelligence, putting greater pressure on the hedge fund founded by Liang Wenfeng to support a business that is becoming increasingly expensive to operate, according to a report by CNBC.
AQR Capital Management is challenging the valuation behind the $8.4bn take-private of Clearwater Analytics Holdings, adding to a growing push by hedge funds to use Delaware’s appraisal process to seek higher payouts from completed M&A deals, according to a report by Bloomberg.
Two Sigma Investments co-founder John Overdeck has defended a proposed $723m settlement for his wife Laura as a fair division of wealth accumulated during their 24-year marriage, while disputing her claim to a substantially larger share of his stake in the quantitative hedge fund, according to a report by Bloomberg.
Nelson Peltz’s Trian Fund Management has no immediate plans to pursue a take-private transaction for Wendy’s, despite having explored a potential bid for the US burger chain, according to a report by Reuters citing unnamed people familiar with the matter.
Saba Capital has stepped up its campaign against Gore Street Energy Storage Fund, calling on shareholders to support proposals to wind up the £244m investment trust and demanding greater transparency around the recent sale of two Irish battery storage assets.
Activist investor Flashlight Capital Partners has offered to buy the stakes held by five Samsung affiliates in South Korean security-services company S-1 Corp at a 45% premium, according to a report by Bloomberg.
Hedge funds are increasing bets that the Australian dollar will outperform the New Zealand dollar through the end of the year, as stronger Australian inflation expectations revive the prospect of further Reserve Bank of Australia rate increases, according to a report by Bloomberg.
