Managers
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.
Millennium Management, the multi-strategy hedge fund major led by Izzy Englander, recorded a 2.5% gain in December, bringing its total returns for 2024 to 15%, but short of the S&P 500’s 23% gain for the year, according to a report by the Financial Times.
Hedge fund manager Crispin Odey is seeking at least £79m in damages from the Financial Times, filing a libel lawsuit against the publication, according to a report by the Guardian citing court documents.
Citadel founder Ken Griffin was only half correct last month when he claimed the multistrategy hedge fund boom had “come and gone,” according to a report by Bloomberg.
The board of Edinburgh Worldwide Investment Trust, managed by Baillie Gifford and offering shareholders an opportunity to invest in Elon Musk’s SpaceX, has increased its resistance to a takeover attempt by Saba Capital Management, according to a report by The Times.
Hedge funds have significantly increased their stakes in US bank stocks, signalling strong confidence in the sector’s continued rally, boosting their exposure to financial firms by 50% to a combined $340bn, according to a report by Bloomberg citing 13F filings.
Chris Hohn, founder of TCI Fund Management, saw a significant pay cut of £233m this year despite his hedge fund donating around £340m to charitable causes, according to a report by MSN.
Anson Investments Master Fund, the flagship fund managed by Anson Funds, was voted by Hedgeweek readers as Overall Multi-Strategy Fund of the Year at the 2024 Hedgeweek Americas Awards. Chief Investment Officer Moez Kassam outlines the firm’s flexible approach to investment and risk management allow it to protect and grow investor capital…
