Managers
Hound Partners, a hedge fund launched with support from Julian Robertson’s Tiger Management, has filed a lawsuit to terminate a profit-sharing agreement dating back to 2004, according to a report by Bloomberg.
Bridgewater Associates, one of the world’s largest hedge funds, is teaming up with State Street Global Advisors (SSGA) to bring its investment strategies to retail investors, marking a significant shift in its approach to the market, according to a report by the Financial Times.
The rapid expansion of multi-strategy hedge funds is at an end, according to Ken Griffin, founder of Citadel, who, in an interview with Bloomberg News after speaking at the Oxford union this week, said: “That chapter has come and gone.”
Turkey’s lira weakened on Monday as state banks scaled back efforts to defend the currency, prompting hedge funds and other traders to unwind carry trades, according to a report by Bloomberg citing sources familiar with the matter.
CVS Health is adding four new members to its board of directors, including Larry Robbins, CEO of Glenview Capital Management—the hedge fund firm which has been pushing for changes at the healthcare giant after acquiring a significant stake in the business.
Billionaire hedge fund manager Ken Griffin has voiced apprehensions about Donald Trump’s approach to tariffs, labelling them a “slippery slope” with potentially harmful long-term consequences for US businesses, according to a report by Bloomberg.
Several prominent hedge funds with ties to the Tiger Management legacy, including Discovery Capital Management, made significant new investments during the third quarter, according to a report by Institutional Investor citing analysis of their recently filed 13F regulatory disclosures.
Activist hedge fund Jana Partners has significantly restructured its portfolio, slashing its stake in Frontier Communications by 59% and fully exiting its positions in QuidelOrtho and BlackLine Systems, according to a report by Reuters.
Major hedge funds, including Millennium Management, Capula Management, and Tudor Investment, significantly boosted their exposure to US spot bitcoin exchange traded funds (ETFs) in the third quarter, according to a report by Reuters citing securities filings.
Activist hedge fund ValueAct Holdings has significantly increased its stake in Meta Platforms, acquiring 211,500 additional shares, worth $121.07m, during the third quarter of 2024, according to the firm’s latest 13F filing.
