Managers
Activist hedge fund firm hedge fund Palliser Capital has intensified its campaign for Rio Tinto to unify its dual-listed structure, releasing a letter on Monday urging the company’s board to take decisive action, according to a report by Reuters.
Hedge fund Millennium Management posted a 1.3% loss in February, marking its worst monthly performance in over six years, with the rare setback being driven by around $900m in losses across two investment teams, according to a report by the Wall Street Journal.
For International Women’s Day this year, Hedgeweek spoke to Kelly Young (pictured), Chief Executive Officer at Acadian Asset Management, about her journey from investment banking to leading a quantitative asset management firm, the progress of gender diversity in finance, and strategies for advancing women’s leadership. Her insights reflect both personal experience navigating a traditionally male-dominated industry and strategic approaches to building inclusive cultures within financial institutions.
Hedge funds, including Marshall Wace, Man Group GLG, and AQR Capital, are ramping up short positions against Sainsbury’s as concerns mount over declining sales at Argos, its non-food retail arm, according to a report by the Telegraph.
Jeffrey Smith, the Chief Executive officer of Starboard Value has secured a seat on the board of Kenvue, as part of a settlement in the four-month proxy battle between the activist hedge fund and the consumer health company, according to a report by Reuters.
Australia’s AUD237bn Future Fund has appointed activist and event-driven hedge fund Effissimo Capital Management to its roster of active equity managers, joining the likes of Maple-Brown Abbott and Wellington Investment Management, according to a report by Investment Magazine.
Millennium Management founder Izzy Englander is considering distributing equity in the $76bn hedge fund firm to key executives for the first time, marking a significant shift in the firm’s structure as he prepares for its long-term future, according to a report by the Financial Times.
Multi-strategy hedge fund major Millennium Management has committed $2bn to support the launch of Lane42 Investment Partners, a new alternative asset management firm founded by former Ares Management Executive Scott Graves.
Rio Tinto’s decision to grant its Australian shareholders the opportunity to vote on a resolution calling for an independent review of its dual-listing structure has been welcomed by London-based activist hedge fund Palliser Capital.
Cisu Capital, the London-based hedge fund founded by former Elliott Management portfolio manager Mark Wills, has successfully launched a commingled fund with a commitment from a large endowment, according to a report by Business Insider.
