Managers
A group of hedge funds, including AQR Capital Management, DE Shaw, Marshall Wace and Two Sigma Investments, have collectively established a significant short position against Flutter Entertainment, amounting to an estimated £640m on the London Stock Exchange, according to report by the Irish Times.
Activist hedge fund Toms Capital Investment Management has accumulated a significant position in McCormick & Co, as the US food manufacturer moves forward with its planned acquisition of Unilever’s food business, according to a report by Reuters citing unnamed people familiar with the matter.
Activist hedge fund Voss Capital is urging Sempra Energy to spin off its Texas electricity transmission business, Oncor, arguing that the move could unlock significant shareholder value and create one of the fastest-growing standalone utilities in the US, according to a report by Reuters.
Hedge funds now represent the majority of activity in electronically traded UK government bonds, marking a significant structural shift in one of Europe’s most important fixed income markets, according to a report by Bloomberg citing data from electronic trading platform operator Tradeweb.
Activist investor Jana Partners is reportedly pressing Texas-based fintech software provider Alkami Technology to revive efforts to pursue a potential sale of the business, according to a report by Bloomberg.
The European Central Bank has warned that the growing use of leverage by hedge funds in euro-area bond markets could heighten financial stability risks during periods of market stress, according to a report by Bloomberg.
Whale Rock Capital Management, the technology-focused hedge fund led by Alex Sacerdote, significantly increased its exposure to a trio of artificial intelligence infrastructure companies during the first quarter, while trimming its position in chip giant Nvidia, according to a report by Barnhart.
Pershing Square’s proposed €55bn acquisition of Universal Music Group (UMG) has suffered a major setback after the Bolloré family, the company’s largest shareholder, publicly voiced opposition to the transaction, according to a report by the Finsancial Times.
Prediction market platforms including Kalshi are increasingly targeting hedge funds and other institutional investors as they look to move beyond their retail trading base and enter the next stage of market expansion, according to a report by Reuters.
Electronic design automation software provider Synopsys has reached a cooperation agreement with activist investor Elliott Investment Management that will see Elliott managing partner Jesse Cohn join the company’s board, according to a report by Reuters.
