Managers
Elliott Investment Management’s activist campaign at Phillips 66 gained momentum this week after former refining executive and long-time energy investor Gregory Goff publicly endorsed Elliott’s board nominees in the run-up to a high-stakes proxy vote, according to a report by Bloomberg.
Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, has weighed in on the escalating tariff tensions, urging the US to strike a trade agreement with China and shift focus toward fiscal consolidation, according to reports.
Howard Marks, Co-Founder and Co-Chairman of distressed debt investment firm Oaktree Capital Management, has likened US President Donald Trump’s aggressive tariff policies to Brexit, calling them an “own goal”, according to a report by Bloomberg.
Boaz Weinstein’s Saba Capital has sold its entire stake in Keystone Positive Change (KPC), marking the US hedge fund’s formal exit from its activist campaign targeting the Baillie Gifford-managed UK investment trust, according to a report by Reuters.
A widely held hedge fund bet in US rates markets – long Treasuries versus interest-rate swaps – is rapidly unwinding, as escalating tariff tensions under President Donald Trump fuel a liquidity squeeze among US banks and reshape market positioning, according to a report by Bloomberg.
Hedge funds including Citadel, Balayasny, and Qube, are accelerating their push to add Asian power market traders lured by surging volatility and structural opportunities in deregulated electricity systems across Japan and Australia, according to a report by Bloomberg.
Hiring at the world’s largest multi-strategy hedge funds slowed in 2024, but firms continued expanding their investment teams, adding over 550 portfolio managers and analysts despite a softer recruitment push compared to previous years, according to a report by eFinancial Careers.
Ken Griffin, the founder of miulti-strategy hedge fund major Citadel, has branded the sweeping trade tariffs announced by Donald Trump last week as a “huge policy mistake”, according to a report by the Wall Street Journal.
Millennium Management, the multi-strategy hedge fund founded by Izzy Englander, is expanding its footprint in Dublin as it continues to ramp up hiring, particularly in the technology sector, according to a report by the Business Post.
The US Treasury market – long viewed as the global bedrock of financial safety – is flashing red as hedge funds dump positions en masse, triggering sharp selloffs and prompting fears of a broader liquidity crunch, according to a report by Bloomberg.
