Managers
Hedge funds scaled back their exposure to the “Magnificent Seven” mega-cap US tech stocks in Q1 while rotating into US-listed Chinese equities, according to Bloomberg report citing new research by the prime brokerage team at Goldman Sachs.
Billionaire activist investor Daniel Loeb is executing a strategic overhaul of his London-listed investment vehicle, Third Point Investors Limited, in a bid to escape the chronic valuation discount that has dogged it for years and frustrated shareholders, according to a report by Reuters.
Edge Funds | In an investment landscape increasingly dominated by AI-powered strategies and multi-strategy behemoths, one boutique fund is proving that traditional stock-picking can still deliver meaningful returns – provided you know where to look. Founded in January 2023, Humbucker Management applies a focused relative value approach to internet stocks, a sector the fund’s founder, Sean Kumar (pictured), believes is riddled with overlooked inefficiencies.
Activist hedge fund firm Elliott Investment Management is heading into uncharted territory as the firm gears up for its first-ever proxy vote in a US public company, marking a pivotal moment in its long-standing campaign to overhaul energy giant Phillips 66, according to a report by Bloomberg.
Swatch Group is facing a rare moment of shareholder activism as Steven Wood, founder of New York-based activist hedge fund GreenWood Investors, makes a bold bid to secure a seat on the Swiss watchmaker’s board at its annual general meeting on Wednesday, according to a report by Reuters.
Activist hedge fund Starboard Value has successfully secured board representation at Qorvo, with the semiconductor firm announcing it will nominate Peter Feld, Starboard’s Managing Member and Head of Research, to its board of directors, according to a report by Reuters.
Dubai-based hedge fund startup Magellan Capital Limited is facing regulatory scrutiny after a former senior trader filed complaints alleging misconduct by the firm’s top executive ahead of its anticipated $700m launch, according to a report by Bloomberg.
Shanghai-based macro hedge fund Banxia Investment Management, led by prominent manager Li Bei, is exiting its China bank positions as the nation’s deepening property crisis threatens to cascade into the financial system via rising bad loans, according to a report by Bloomberg.
Hedge funds are reloading long yen positions in anticipation of potential currency discussions at this week’s G7 meeting, with growing expectations that Japan may come under pressure to allow a stronger yen as part of broader US-Asia currency diplomacy, according to a report by Bloomberg.
Jacopo Moretti, a former senior executive and co-founder of hedge fund DL and Partners, has brought a claim for unfair dismissal, harassment, and discrimination against the firm, its founder Davide Leone, and four directors, according to a report by Reuters.
