Managers
Trian Fund Management, led by activist investor Nelson Peltz, is seeking external financing partners for a potential bid to take fast-food chain Wendy’s Company private, according to a report by the Financial Time citing unnamed people familiar with the discussions.
Hong Kong-based Pamalican Asset Management Ltd has vacated space in one of the city’s most high-profile office buildings, The Henderson, roughly a year after its early backing from Millennium Management was withdrawn, according to a report by Bloomberg.
Investors representing close to 10% of Intertek Group Plc, including activist hedge funds Lost Coast Collective and Palliser Capital, are calling on the company’s board to engage with PE firm EQT AB over its final offer to acquire the testing and assurance business, according too a report by Bloomberg.
Dymon Asia Capital Pte Ltd is on track to reach $8bn in assets under management, exceeding earlier expectations as global investor demand for Asia-focused hedge fund strategies continues to strengthen, according to a report by Bloomberg.
CVS Group Plc is facing renewed pressure from activist investor Converium Capital, which is urging the UK veterinary care operator to launch a £100m share buyback following a period of weak stock performance, according to a report by the Financial Times.
Hedge funds have moved back to a net long position on US equities for the first time since the Iran ceasefire, signalling renewed confidence in risk assets amid a broader global market rally, according to a report by Reuters citing notes from Goldman Sachs.
Activist investor Palliser Capital has accumulated a position in Intertek, adding fresh momentum to shareholder pressure on the London-listed group to engage with a potential takeover approach from EQT, according to a report by Bloomberg.
Hedge funds are increasing exposure to agricultural commodities used in biofuel production as the Iran conflict drives volatility in energy markets and raises concerns over prolonged disruption to global fuel supply chains, according to a report by the Financial Times.
Global hedge funds have ramped up exposure to Asian equities, with weekly purchases of stocks in South Korea, Japan and Taiwan reaching their highest level in over a decade, according to a report by Reuters citing a client note from Morgan Stanley.
Pershing Square Capital Management has asked a Delaware court to dismiss a shareholder lawsuit challenging its recent transaction with Howard Hughes Holdings, arguing that the claims against the hedge fund and its founder, Bill Ackman, are without merit, according to a report by Bloomberg.
