Managers
Activist investor Elliott Management has gained key support from proxy advisory giant Institutional Shareholder Services (ISS) in its ongoing campaign to overhaul the board of oil refiner Phillips 66 ahead of the company’s upcoming shareholder meeting, according to a report by the Financial Times.
Dai-ichi Life Holdings is set to increase its stake in UK hedge fund Capula Investment Management to approximately 15%, as part of a broader strategic shift toward bolstering its exposure to non-traditional and alternative investments, according to a report by Bloomberg.
New hedge fund managers are slashing fees and offering more investor-friendly terms in an increasingly difficult fundraising climate – unless they’re launching non-equity strategies, according to Seward & Kissel’s 2024 New Manager Hedge Fund Study.
Elliott Investment Management is in early-stage discussions to acquire a stake in a portfolio of Bulgarian energy infrastructure assets that includes a key pipeline transporting Russian natural gas to Europe, according to a report by the Wall Street Journal.
Hedge funds slashed their bullish positions on Brent crude to the lowest level since October as OPEC+ announced a significant production increase, sparking renewed fears of oversupply in global energy markets, according to a report by Bloomberg.
Man Group, the world’s largest publicly listed hedge fund manager, is reportedly in advanced discussions to acquire New York-based credit investment firm Bardin Hill Investment Partners, as part of its strategic push into private credit, according to a report by Bloomberg.
Hedge funds are ramping up exposure to Chinese equities amid renewed optimism over US-China trade relations, with US funds in particular having resumed buying activity last week, according to a report by Reuters citing a note from Morgan Stanley.
Waratah Capital Advisors is increasingly turning to gold as a key driver of returns in 2025, as global investors seek safe-haven assets amid growing uncertainty over the US dollar’s stability, according to a report by Bloomberg.
UBS is in advanced discussions with Cantor Fitzgerald over a deal for its hedge fund platform, O’Connor, which operates within UBS Asset Management according to a report by Bloomberg citing unnamed sources close to the matter.
Despite repeated warnings from regulators and global watchdogs, the $1tn Treasury basis trade – a highly leveraged arbitrage strategy popular among hedge funds – continues to expand with little sign of systemic risk, according to a report by Reuters.
