Managers
Natural gas trading specialist Ron Ozer has made a strong comeback after a tough start to the year, with his Miami-based hedge fund, Statar Capital, up 23% through mid-December, reversing losses of 13% in the second quarter, according to a report by Bloomberg.
A US judge overseeing the auction of shares in Citgo Petroleum’s parent company has dealt a blow to activist hedge fund Elliott Investment Management, ordering a reopening of the bidding process allowing other bidders access to company data, according to a report by Reuters.
Five-year-old London-based activist investor Bluebell Capital Partners is shutting down after struggling to grow its investor base and is now returning capital to its external investors, according to the Financial Times, citing co-founder Marco Taricco.
With hedge funds including Millennium, Citadel, and Balayasny having upped their activity in Europe’s natural gas markets drawn by extreme price swings, their growing dominance now risks destabilising the market and potentially triggering a slump, according to a report by Bloomberg.
Hedge funds and leveraged investors have scaled back their bearish positions on US five-year Treasury futures, bringing net short positions to their lowest level since July, according to a report by Reuters citing the latest Commodity Futures Trading Commission (CFTC) data.
Dan Loeb’s hedge fund, Third Point, is actively evaluating “credible strategic options” as part of a strategic review announced earlier this year to address a significant discount between its share price and the value of its underlying assets amid pressure from activist investors.
Marshall Wace, one of London’s largest hedge funds managing $69bn in assets, has opened an office in Abu Dhabi, making it the latest hedge fund major to join the influx of finance firms into the United Arab Emirates, according to a report by Bloomberg.
BlueLine Asset Management, a hedge fund established by former JPMorgan executives, is set to close its operations after five years, reflecting the mounting pressures facing Brazil’s investment industry, according to a report by Bloomberg.
Quantitative hedge fund Seven Eight Capital, the quantitative hedge fund firm spun out of Schonfeld Strategic Advisors just a year ago, is winding down operations after facing significant investor redemptions, according to a report by Business Insider.
Activist investor Barington Capital Group is calling for a leadership overhaul at Matthews International Corp, a leading coffin manufacturer, and wants to name three new directors to the company’s board as part of a bid to oust long-serving CEO Joseph Bartolacci.
