Managers
Hedge fund allocators are increasingly worried about the risks of crowding, according to a new Bank of America survey, however, these same investors are consolidating their portfolios into a few large multi-manager firms, exacerbating the potential problem.
John Hempton, one of Australia’s highest-profile hedge fund investors, says he is reviewing his strategy at Bronte Capital after the firm recorded its worst monthly returns in more than two years, according to a report by the Australian Financial Review.
UBS O’Connor, the $12bn hedge fund unit of UBS Asset Management, remains optimistic about the potential for a rebound in merger-arbitrage performance despite a difficult YTD due to regulatory challenges disrupting high-profile deals, according to a report by Bloomberg.
Activist investor Selwood Asset Management is urging German energy company RWE AG to clear up any uncertainty surrounding its potential share buyback programme as its stock continues to underperform its industry peers, according to a report by Bloomberg.
Activist investment firm Elliott Investment Management has escalated its battle with Southwest Airlines by calling for a special meeting to vote on new board members after nominating eight new candidates who could potentially reshape the airline’s strategy, according to a report by Bloomberg.
A former hedge fund manager for Jefferies Financial Group is pushing back against a fraud lawsuit accusing him of knowingly investing over $100m of the fund’s money in a Ponzi-like scheme involving water vending machines, according to a report by Bloomberg.
An FTX customer has filed a lawsuit against Olympus Peak, a hedge fund that bought his claim in the bankrupt cryptocurrency exchange, alleging that the fund underpaid him and is now set to profit more than $1m as a result, according to a report by Bloomberg.
Jun Bei Liu, the manager of one of Australia’s top -performing hedge funds, is set to leave Tribeca Investment Partners to establish her own investment firm after nearly 20 years with the company, according a report by Bloomberg.
Hedge funds have exited bearish positions on Brent crude at the fastest pace in nearly eight years, amid heightened geopolitical risks from the escalating conflict in the Middle East, according to a report by Bloomberg citing data from ICE Futures Europe.
A leading Chinese hedge fund, which has surged more than 800% over the past seven years, is taking advantage of the recent dip in Hong Kong-listed Chinese tech stocks, seeing their valuations as still attractive despite a strong rally this year, according to a report by Bloomberg.
