Managers
Jane Street and Millennium Management have reached a settlement in a lawsuit involving allegations of trade secret theft following the departure of two traders from the proprietary trading firm to the multi-strategy hedge fund, according to a report by Reuters.
Activist investor Palliser Capital has intensified its campaign for mining giant Rio Tinto to unify its dual-listed structure in London and Sydney, advocating for the establishment of a single holding company based in Australia, according to a report by Alternatives Watch.
Monolith Management, a technology-focused hedge fund with $300m under management, has delivered an impressive 53% year-to-date return, riding gains in semiconductors, data centres, and a September rally in Chinese equities, according to a report by Reuters.
A growing market for injecting fresh capital into aging energy assets owned by private equity firms through continuation funds has attracted major hedge funds, including Baupost Group and Elliott Investment Management, according to a report by Bloomberg.
Tech-focused hedge fund Whale Rock Capital Management plans to reopen its flagship fund in early 2025, seeking to raise between $200m and $300m in new capital, having significantly outperformed the broader market YTD with a 51% gain, according to a report by Reuters.
Hedge funds, including Calamos Advisors, have turned MicroStrategy into one of Wall Street’s hottest trades, with the company leveraging its role as a bitcoin proxy to secure billions in convertible bond investments, according to a report by Bloomberg.
Pershing Square Holdings has confirmed plans to delist from Euronext Amsterdam, aiming to consolidate trading on the London Stock Exchange in a decision driven by cost-saving measures and a desire to simplify regulatory requirements, according to a report by MorningStar.
European hedge funds, including Metori Capital Management and Marshall Wace, posted strong performances in November, driven by a surge in global stock and currency markets tied to Donald Trump’s US election victory which bolstered US equities and the dollar, according to a report by Reuters.
Pierre Andurand’s flagship hedge fund – the Andurand Commodities Discretionary Enhanced Fund – staged a dramatic comeback in November, delivering a 23% return that reversed losses accumulated earlier in the year, according to a report by Bloomberg.
Singapore-based hedge fund manager Dymon Asia Capital has expanded its operations to the Middle East for the first time, joining the growing list of hedge funds in Dubai by opening a new office in the emirate, according to a report by Reuters.
