Managers
Hedge funds are leading a renewed euro rally as optimism over a potential Ukraine peace deal fuels fresh demand for the single currency, according to a report by Investing.com citing Bank of America strategists.
BP is at the centre of a growing battle between activist hedge fund Elliott Management and a group of institutional investors, as tensions rise over the oil major’s climate strategy and capital allocation, according to a report by the Financial Times.
Hedge funds, including DE Shaw, are looking to use an overlooked corporate bond clause to extract profits from European companies undergoing asset sales or break-ups, forcing issuers to repurchase debt at above-market prices, according to a report by the Financial Times.
Hedge funds, including Tudor Investment Corp and Hunting Hill Capital, significantly increased their exposure to US bitcoin exchange-traded funds in Q4 2024, capitalising on the cryptocurrency’s 47% surge, according to newly released regulatory filings.
Point72 Asset Management, the hedge fund firm founded by Steve Cohen, has increased its investment in Sphere Entertainment, upping its stake to 7.3% as the company grapples with ongoing debt restructuring negotiations tied to its MSG Networks subsidiary, according to a report by Sportico.
Matthews International has announced a series of corporate governance changes in response to mounting pressure from activist hedge fund Barington Capital Group, as a heated proxy battle nears its conclusion, according to a report by Reuters.
The Dubai International Financial Centre (DIFC) has reported a record-breaking 25% increase in company registrations last year, with the surge in part being driven by a wave of hedge funds, including Dymon Asia and JJJ Capital, setting up operations in the city, according to a report by Bloomberg.
Hedge funds with bearish positions on the Australian dollar are facing potential losses as the currency shows resilience despite negative market sentiment, according to a report by Bloomberg citing RBC Capital Markets and Westpac Banking Corp.
Sydney-based hedge fund startup Minotaur Capital, which has replaced traditional analysts with artificial intelligence, has beaten the global stock market in its first six months while significantly reducing research costs, according to a report by Bloomberg.
Bridgewater Associates, the world’s largest hedge fund, increased its stake in Tesla during the fourth quarter while trimming exposure to the so-called “Magnificent Seven” tech stocks, according to a report by Reuters, citing the firm’s latest regulatory filing.
