Managers
Hedge funds led a sharp rise in equity inflows at Bank of America Securities last week, even as retail investors ended a near six-month streak of net buying, according to a report by Investing.com citing the bank’s latest client flow report.
The bond market’s pushback against unsustainable US fiscal policy is only just beginning, according to a report by Bloomberg citing Tim Magnusson, Chief Investment Officer at Minneapolis-based hedge fund Garda Capital Partners.
Activist hedge fund Elliott Management has secured two board seats at Phillips 66, marking its first-ever successful proxy vote campaign against a major US corporation and signalling a potential strategic shift at the $46bn oil refiner, according to a report by the Financial Times.
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.
