Managers
Helge Lund, Chair of BP, is planning to step down from his role by 2026, as activist hedge fund Elliott Management intensifies pressure on the UK energy major for deeper structural and strategic change, according to a report by Reuters.
The founders of collapsed crypto hedge fund Three Arrows Capital, Zhu Su and Kyle Davies, have launched a legal bid to dismiss court summonses issued by the fund’s liquidators, according to a report by Business Times.
Elliott Management has intensified its activist campaign against US oil refiner Phillips 66, formally launching a proxy battle and nominating four directors to the company’s board in a bid to accelerate sweeping operational and governance changes, according to a report by the Financial Times.
March’s market volatility upended returns for some of the world’s largest hedge funds, with systematic and nimble multi-strategy funds emerging as the biggest winners, while larger, equity-focused firms suffered losses, according to a report by Reuters citing a client note from UBS.
Bradley Wickens, Founder and Chief Investment Officer of macro-focused hedge fund Broad Reach Investment Management, has issued a stark warning to investors: the current market downturn is far from over, according too a report by the Wall Street Journal.
A sharp global equity sell-off triggered by the Trump administration’s latest tariff announcement has dealt a heavy blow to equity long-short hedge funds, wiping out their gains for the year in a single session, according to a report by Reuters.
Hedge funds are dialling down risk and pulling back from aggressive positioning as the shock of sweeping new US tariffs ripples through global markets, leaving even seasoned managers questioning whether it’s time to sit on the sidelines, according to a report by Bloomberg.
Brevan Howard Asset Management is revamping its fee structure to incentivise longer capital commitments from investors in its flagship hedge fund, as the firm navigates its most challenging start to a year in over two decades, according to a report by Bloomberg.
Hedge funds moved swiftly to offload stocks and reduce leveraged positions across Asian markets last week, positioning defensively ahead of US President Donald Trump’s reciprocal tariff announcement on 2 April, according to a report by Reuters citing data from Morgan Stanley.
Warner Bros Discovery is set to appoint Anton Levy, an advisory director at private equity giant General Atlantic, to its board, amid mounting pressure from activist hedge fund firm Sessa Capital, according to a report by Reuters.
