Managers
The UK continues to be the most targeted country in Europe for investor activism, and the fourth worldwide, with 42% of all campaigns launched in Europe in 2024 targeting UK companies, according to Alvarez & Marsal’s latest A&M Activist Alert (AAA) Outlook.
Marshall Wace, the hedge fund firm founded by GB News co-owner Paul Marshall, has seen a steep decline in profits, with newly filed accounts revealing a 64% drop in the year ending February 2024, from £538m to £192m, according to a report by the Daily Telegraph.
Prominent short-seller Hindenburg Research has taken a short position against Carvana after accusing the online auto retailer of significant financial impropriety, alleging that the business model is unsustainable and its subprime loan portfolio poses major risks, according to a report by Bloomberg.
A record number of activist investors launched campaigns against global companies in 2024 reflecting growing momentum for shareholder activism and fuelling expectations of continued growth in 2025, according to a report by Reuters citing new research by Barclays.
Multi-strategy hedge fund major Citadel recently offered its investors the option to cash out profits following a 15.1% gain in its flagship Wellington fund in 2024, but most opted to leave their capital invested in the fund, according to a report by Bloomberg.
New York-based hedge fund major DE Shaw is planning to return billions of dollars to external clients after its flagship hedge funds delivered exceptional double-digit gains in 2024, according to a report by Bloomberg.
Third Point, the $12bn alternative investment firm founded by Daniel S Loeb, has agreed to acquire AS Birch Grove, an $8bn alternative credit fund manager, with the transaction expected to close during the first quarter of the year.
Pershing Square Capital Management, the New York-based investment firm led by Bill Ackman, has concluded its PSVII funds, a finite-life co-investment vehicle established to hold shares in Universal Music Group NV.
Bullish bets on oil surged to their highest levels in four months during the penultimate week of 2024 following a surge in activity by hedge funds during the previous week, as investors adjusted their positions ahead of Donald Trump’s return to the White House, according to a report by Bloomberg.
Dmitry Balyasny, founder of the $20bn multi-strategy hedge fund Balyasny Asset Management, has overseen the overhaul of the firm’s equities division in response to underperformance in 2023, according to a report by Business Insider.
