Managers
Bill Ackman is taking a major step toward transforming his Pershing Square Capital Management hedge fund firm into a diversified holding company by upping his stake in real estate developer Howard Hughes Holdings (HHH) to 46.9% with an additional $900m investment in the business, according to a report by Reuters.
Armistice Capital, a $2bn equity long-short hedge fund with a focus on biotech, has recorded its third straight month of losses in 2025 – just after locking in investor capital for the full year, according to a report by the Wall Street Journal.
Hedge funds are ramping up short bets against private credit firms, including Apollo Global Management, Ares Management, and Blue Owl Capital, betting that economic headwinds, and trade frictions will take a toll on the booming direct lending market, according to a report by Bloomberg.
Third Point, the hedge fund led by Daniel Loeb, has disclosed a “meaningful” stake in US Steel, expressing confidence that the company’s proposed merger with Japan’s Nippon Steel will proceed despite recent political headwinds, according to a report by Reuters.
Activist hedge fund Palliser Capital failed in its bid to compel Rio Tinto to review a potential shift in its primary listing to Australia, as shareholders overwhelmingly rejected the proposal at the miner’s annual meeting in Perth, according to a report by the Financial Times.
Hedge funds are broadly pulling back from high-conviction trades across asset classes — with one notable exception – a growing appetite for shorting US equities, according to a report by Bloomberg citing data from hedge fund replication firm Unlimited.
Heightened market volatility following the Trump administration’s tariff escalation earlier this month triggered a sharp rise in derivatives margin calls, placing acute liquidity strain on hedge funds and other leveraged investors, according to a report by Reuters.
Japan’s fragmented car manufacturing sector is likely headed for a wave of mergers and acquisitions, as rising geopolitical and competitive pressures force automakers to seek scale and efficiency, according to a report by Bloomberg citing a Man Group executive.
Activist hedge fund Irenic Capital Management has quietly built a stake in Couchbase Inc, a US-listed enterprise software firm specialising in database technology, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Match Group has headed off a potential proxy battle after activist investor Anson Funds Management LP agreed to withdraw its director nominations, following recent changes to the dating app company’s board composition, according to a report by Bloomberg.
