Managers
Hedge funds are aggressively unwinding positions in consumer discretionary stocks, signalling rising concerns about a potential economic slowdown in 2025, according to a recent Goldman Sachs prime brokerage note seen by Reuters.
Hedge funds pared back their exposure to the ‘Magnificent Seven’ tech megacaps to the lowest level in two years last week, signalling a sharp tactical retreat ahead of a high-stakes earnings season, according to a report by Reuters citing a client note from Morgan Stanley.
Affiliated Managers Group has taken a minority stake in Verition Fund Management, one of the hedge fund industry’s fastest-growing multi-strategy managers, according to a report by Bloomberg citing an internal statement confirming a ‘definitive agreement’ between the two firms.
A growing number of hedge funds have trimmed their dollar positions this week, after National Economic Council Director Kevin Hassett said on Friday that Donald Trump is studying whether he’s able to fire Fed Chairman Jerome Powell, according to reports by Bloomberg.
Activist hedge fund Engine Capital has officially launched a proxy battle at ride-hailing firm Lyft, nominating two independent candidates to the company’s board in an effort to push for governance reform and improved shareholder returns, according to a report by Reuters.
Assets under management at Man Group, the world’s largest listed hedge fund, fell by $5.6bn (£4.2bn) in the first two weeks of April to $167bn, as market volatility hit the asset manager’s strategies, according to a report by City AM.
Bill Ackman’s Pershing Square Capital Management has disclosed an almost 20% stake in Hertz Global Holdings, prompting a dramatic surge of more than 56% in the car rental company’s share price, according to a report by Bloomberg.
Hedge fund firm H Partners, one of Harley-Davidson’s largest shareholders with a nearly 9% stake, is escalating pressure on the iconic motorcycle manufacturer by launching a campaign to oust three long-serving board members, according to a report by the Wall Street Journal.
Brazilian hedge funds are repositioning portfolios to capitalise on falling domestic interest rates, as escalating trade tensions – triggered by Donald Trump’s tariff announcements – spark fears of a global economic slowdown, according to a report by Bloomberg.
BlueCrest Capital Management, Michael Platt’s hedge fund-turned family office, has secured full regulatory approval to operate in Dubai, marking a significant milestone in its international expansion strategy, according to a report by Bloomberg.
