Managers
Distressed debt specialist Redwood Capital and a group of rival hedge funds led by Cheyne Strategic Value Credit are embroiled in a high-stakes battle over the debt of Hunkemöller, one of Europe’s largest lingerie brands, according to a report by the Financial Times.
The Schroder UK Mid Cap Fund has announced a series of investor-friendly reforms after fending off an attempt by Boaz Weinstein’s Saba Capital to overhaul its structure, according to a report by This is Money.
Hedge funds offloaded technology stocks at the fastest pace in six months last week, with selling activity reaching a five-year high, according to a report by Reuters citing data from the prime brokerage division at Goldman Sachs.
Pimco, AllianceBernstein, and TCW Group have seized a buying opportunity in corporate bonds, stepping in after recent volatility forced multi-strategy hedge funds to unwind their positions in high-yield debt, according to a report by Bloomberg.
South Korean regulator the Financial Services Commission (FSC) is set to lift its 17-month ban on short selling, a move that market participants believe will enhance liquidity, attract global hedge funds, and bolster the country’s case for an MSCI upgrade to developed market status, according to a report by Bloomberg.
Orkun Kilic, a former Paulson Europe LLP partner, is reviving his hedge fund Berry Street Capital Management, having secured some $200m in commitments from investors, including Qube Research & Technologies, according to a report by Bloomberg.
Hong Kong’s derivatives market is experiencing an unprecedented surge, driven by heightened stock market swings and increased hedge fund activity, according to a report by Reuters citing trading data from the Hong Kong Stock Exchange.
Hedge funds are increasingly betting against major tech stocks, with Nvidia, Tesla, and Advanced Micro Devices emerging as their top short targets, according to a report by Reuters citing a Morgan Stanley note released on Thursday.
Hedge fund Starboard Value has reignited its proxy battle with Autodesk, nominating three director candidates to the engineering and design software maker’s board, including Chief Executive Officer and Founder Jeff Smith, according to a report by Bloomberg.
US activist hedge fund firm Elliott Investment Management has built an £850m short position against Shell, marking the largest disclosed wager against the FTSE 100 oil giant in nearly a decade, according to a report by The Times.
