Managers
Hedge funds are snapping up economically sensitive stocks, betting on a rebound after recent selloffs driven by tariff-related recession fears in the US market, according to a report by Bloomberg citing data from the prime brokerage unit at Goldman Sachs.
Ansatz Capital, a New York-based proprietary quant trading firm established by former hedge fund and trading firm professionals including DE Shaw Research’s Albert Shieh, has established a UK subsidiary, according to a report by eFinancial Careers.
Keith Meister, founder of activist hedge fund Corvex Management, is set to join the board of Illumina (ILMN.O) as the gene-sequencing firm grapples with regulatory and market headwinds, according to a report by Reuters.
Activist hedge fund Engine Capital Management has nominated two director candidates for Lyft’s board, signalling a potential proxy battle at the ride-hailing firm, sources familiar with the matter have told Reuters.
Elliott Investment Management has filed a lawsuit against Phillips 66 and its board, aiming to ensure that at least four board seats remain up for election at the company’s 2025 annual shareholder meeting, as part of an ongoing activist campaign, according to a report by Bloomberg.
Activist hedge fund Half Moon Capital is pressing cloud storage specialist Dropbox to dismantle its dual-class share structure, which currently grants CEO and co-founder Drew Houston a supermajority voting stake, according to a report by The Wall Street Journal.
Pleasant Lake Partners, the hedge fund led by Jonathan Lennon, has secured a capital commitment of at least $2bn – inlcuding leverage – from Millennium Management, marking a significant expansion of its investment mandate, according to a report by Bloomberg.
Ray Dalio, the founder of Bridgewater Associates, the world’s largest hedge fund, has been appointed as an advisor to Indonesia’s newly launched $900bn sovereign wealth fund, Danantara, according to a report by Fortune.
Lazard and Arini Capital Management, the $7.9bn credit-focused hedge fund founded by ex-Credit Suisse star trader Hamza Lemssougue have entered into a strategic partnership to expand direct lending solutions across the EMEA region.
An unexpected rise in the cost of equity financing is pressuring some hedge funds and asset managers, while presenting a lucrative opportunity for cash-rich investors, according to a report by Bloomberg.
