Managers
Tiger Cub hedge fund Coatue Management, led by Philippe Laffont, built a major new stake in Oracle worth more than $843m, while expanding positions in leading AI names during Q2, according to a report by CNBC citing the firm’s latest 13F filing.
Activist investor Starboard Value lifted its stake in Salesforce by nearly 50% in Q2, signalling a possible revival of pressure on the $223bn cloud software giant, according to a report by Reuters citing the firm’s latest 13F filing.
The world’s largest hedge funds, including Bridgewater Associates and Tiger Global Management, sharply increased their exposure to Big Tech in Q2, reversing earlier caution and doubling down on the AI-driven market rally, 13F filings show, according to a report by Reuters.
Hedge fund Brevan Howard has ramped up its exposure to bitcoin, almost doubling its holdings in BlackRock’s iShares Bitcoin Trust (IBIT) in Q2 amid a wider buying spree by institutional investors, according a report by Fidelity citing the latest 13F filings.
Third Point Investors Limited shareholders have approved the fund’s merger with Cayman-based Malibu Life Reinsurance SPC, paving the way for billionaire Daniel Loeb’s London-listed vehicle to pivot from listed equities to annuities and credit strategies, according to a report by Reuters.
Activist hedge fund Sachem Head Capital Management has taken a new stake in consumer healthcare group Kenvue, building a 10.6m share position worth roughly $223m at quarter-end, according to a report by Reuters citing the firm’s latest 13F filing.
Goldman Sachs is giving wealthy investors the chance to buy into Izzy Englander’s Millennium Management, one of the world’s largest hedge fund managers, with financial commitments of between $1m and $20m, according to a report by Bloomberg.
Bridgewater Associates fully exited its positions in US-listed Chinese equities during Q2, offloading roughly $1.5bn worth of shares in 16 companies and two China-focused ETFs, according a report by Reuters citing the firm’s latest 13F filing.
Australian fund managers are increasingly taking on hedge funds betting against lithium stocks, positioning for a rebound in prices that could force short sellers to cover and intensify the sector rally, according to a report by the Financial Review.
London-based hedge fund Eisler Capital is facing a £2.5m ($3.4m) lawsuit from former trader Bharat Garg, who was dismissed after a delay in disclosing his arrest and multiple breaches of the firm’s compliance policies during his brief tenure at the firm, according to a report by Bloomberg.
