Managers
Promeritum Investment Management, a hedge fund that has reaped over 30% returns from distressed emerging market (EM) dollar bonds, is shifting focus, with Co-Founder Paval Mamai believing that the trade has run its course after a two-year streak of gains, according to a report by Bloomberg.Â
Activist hedge fund Starboard Value has taken a stake in Becton Dickinson and is pushing the $72bn medical technology company to sell or spin off its life sciences division, according to a report by Reuters citing unnamed sources familiar with the matter.
Bill Ackman, the founder of hedge fund Pershing Square Capital Management, is to relocate his management company from Delaware to Nevada following the footsteps of other prominent companies including Dropbox and SpaceX, according to a report by Business Insider.
Saba Capital has suffered further blows in its ongoing effort to shake up Britain’s £269bn investment trust sector, as shareholders in two more trusts rejected the US activist hedge fund firm’s board proposals on Monday, according to a report by Reuters.
Hedge funds aggressively sold off US equities for a fifth consecutive week last week, anticipating market turbulence ahead of President Donald Trump’s new tariff measures, according to a report by Bloomberg citing data from Goldman Sachs’ prime brokerage unit.
US activist investor Saba Capital Management may have lost the first battle in it bid to overhaul Britain’s £269bn ($333bn) investment trust sector, but the war is far from over with five more trusts set to face shareholder votes over control of their boards this week, according to a report by Reuters.
Hedge funds have poured billions into bets against the US stock market, anticipating a potential crash under Donald Trump’s presidency, according to a report by the Telegraph citing data from Goldman Sachs showing a sharp rise in short positions in US stocks.
Balyasny Asset Management, the multi-strategy hedge fund firm led by Dmitry Balyasny, is expanding its footprint in Connecticut, securing a 10,464-square-foot office lease at 2187 Atlantic St in Stamford, according to a report by Connect CRE.
Hedge fund giant Elliott Management has sounded the alarm on what it describes as a speculative frenzy in cryptocurrencies, blaming the Trump administration’s support for digital assets as a key driver of the bubble, according to a report the Financial Times.
Hedge funds and other institutional investors poured into euro zone government debt sales in January, capitalising on higher bond yields and favourable pricing dynamics to drive record demand, according to a report by Reuters.
