Managers
Abu Dhabi’s financial hub, Abu Dhabi Global Market, reported a 32% increase in company registrations last year, fuelled by an influx of hedge funds, asset managers, and other investment firms seeking to establish a presence in the Middle East, according to a report by Reuters.
Frankfurt-based Prime Capital AG has posted its strongest performance in the absolute return segment since 2009, with its fund of hedge funds strategies delivering substantial gains independent of equity and credit market fluctuations.
Shares in Man Group, the world’s largest publicly traded hedge fund, jumped nearly 5% following the release of strong profit figures, despite ongoing challenges in some of its key investment strategies, according to a report by the Financial Times.
After years of turmoil, hedge funds, including Shanghai Chongyang Investment Management and Golden Nest Capital, are beginning to bet on a sector-wide turnaround in China’s long-suffering property market amid improving fundamentals and government support, according to a report by Reuters.
Activist hedge fund Starboard Value delivered less than 5% in returns last year, significantly trailing its peers as high-profile campaigns at companies including News Corp and Pfizer struggled to gain traction, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Activist investor Nelson Peltz’s Trian Fund Management is advocating for further business separations at Solventum following the company’s recent $4.1bn sale of its filtration unit, according to a report by the Wall Street Journal citing unnamed sources familiar with the matter.
Balyasny Asset Management is raising $350m for its first-ever dedicated venture capital fund, marking a strategic push into growth-stage enterprise tech startups, according to a report by PitchBook citing sources familiar with the matter.
The world’s leading financial stability watchdog – the Financial Stability Board (FSB) – is ramping up oversight of hedge fund leverage and shadow banking risks, launching a task force to assess potential systemic threats, according to a report by Bloomberg.
D1 Capital Partners, the $21bn hedge fund led by Daniel Sundheim, has staged a strong recovery by capitalising on undervalued European corporate turnarounds, marking a significant rebound from its heavy tech-driven losses in 2022, according to a report by the Financial Times.
A fierce battle is unfolding over the fate of motorbike manufacturer KTM, as a group of creditors led by US hedge fund Whitebox Advisors takes on India’s Bajaj Autos and Austrian business mogul Stefan Pierer, according to a report by the Financial Times.
