Managers
Third Point, the activist hedge fund firm founded by Daniel Loeb, acquired a new stake in Danish freight forwarder and logistics company DSV A/S during the third quarter, predicting “significant upside” for the company, according to a report by Reuters.
London-based activist hedge fund firm Palliser Capital has acquired over 1% of SK Square, the largest shareholder in AI chip maker SK Hynix, and is advocating for reforms aimed at increasing the company’s share value, according to a report by the Wall Street Journal.
Citadel employees have significantly increased their investment in the firm’s $45bn flagship hedge fund over the past four years, driven by strong returns and compensation lockups tied to performance, according to a report by Bloomberg.
Regal Funds Management Pty Ltd, one of Australia’s largest hedge funds, has been indicted by South Korean regulators as part of an expansion of Seoul’s crackdown on short-selling trading practices, according to report by Bloomberg.
Multi-strategy major Millennium Management has allocated hundreds of millions of dollars to Hong Kong-based Centerline Investment Management in a strategic partnership aimed at bolstering returns, according to a report by Bloomberg.
Klarna is selling the bulk of its UK “buy now, pay later” (BNPL) loan portfolio to US hedge fund Elliott, in a deal that could free up £30bn for new loans, according to a report by the Financial Times citing unnamed sources familiar with the transaction.
Hedge funds are scaling back trading in response to stricter risk controls, with credit trading being the hardest hit, according to a new global survey of 100 senior hedge fund executives across the US, UK, Europe, and Asia by Beacon Platform Inc.
Hedge funds are significantly increasing bearish bets against currencies like the yuan, euro, and Mexican peso, speculating that Donald Trump will win the upcoming US presidential election, according to a report by Bloomberg.
September brought a rare victory for Brazilian hedge funds as their cautious stance on domestic assets paid off, with funds including Legacy Capital and Ace Capital posting their strongest returns of the year, according to a report by Bloomberg.
Activist hedge fund Blacksheep Fund Management has secured a seat on the seven-member board at Dye & Durham plus a say in the nomination of another director at the Toronto-based software company, according to a report by the Globe & Mail.
