Managers
Hedge funds are increasingly betting against major tech stocks, with Nvidia, Tesla, and Advanced Micro Devices emerging as their top short targets, according to a report by Reuters citing a Morgan Stanley note released on Thursday.
Hedge fund Starboard Value has reignited its proxy battle with Autodesk, nominating three director candidates to the engineering and design software maker’s board, including Chief Executive Officer and Founder Jeff Smith, according to a report by Bloomberg.
US activist hedge fund firm Elliott Investment Management has built an £850m short position against Shell, marking the largest disclosed wager against the FTSE 100 oil giant in nearly a decade, according to a report by The Times.
Hedge funds are snapping up economically sensitive stocks, betting on a rebound after recent selloffs driven by tariff-related recession fears in the US market, according to a report by Bloomberg citing data from the prime brokerage unit at Goldman Sachs.
Ansatz Capital, a New York-based proprietary quant trading firm established by former hedge fund and trading firm professionals including DE Shaw Research’s Albert Shieh, has established a UK subsidiary, according to a report by eFinancial Careers.
Keith Meister, founder of activist hedge fund Corvex Management, is set to join the board of Illumina (ILMN.O) as the gene-sequencing firm grapples with regulatory and market headwinds, according to a report by Reuters.
Activist hedge fund Engine Capital Management has nominated two director candidates for Lyft’s board, signalling a potential proxy battle at the ride-hailing firm, sources familiar with the matter have told Reuters.
Elliott Investment Management has filed a lawsuit against Phillips 66 and its board, aiming to ensure that at least four board seats remain up for election at the company’s 2025 annual shareholder meeting, as part of an ongoing activist campaign, according to a report by Bloomberg.
Activist hedge fund Half Moon Capital is pressing cloud storage specialist Dropbox to dismantle its dual-class share structure, which currently grants CEO and co-founder Drew Houston a supermajority voting stake, according to a report by The Wall Street Journal.
Pleasant Lake Partners, the hedge fund led by Jonathan Lennon, has secured a capital commitment of at least $2bn – inlcuding leverage – from Millennium Management, marking a significant expansion of its investment mandate, according to a report by Bloomberg.
