Managers
Multi-strategy hedge fund firm DE Shaw has nominated three directors to the board of Air Products and Chemicals after building a $1bn stake in the business, and is urging the company to return to its historically successful business practices, according to a report by NBC.
A growing number of traditional hedge funds are venturing into the world of cryptocurrencies, with nearly half now having exposure to digital assets, according to a new survey by the Alternative Investment Management Association and PwC.
Hedge funds are increasing their net-long positions in European natural gas futures as the market heads into winter, according to a report by S&P Global citing data from the Intercontinental Exchange.
Karl Oscar Strøm, a former Partner at Pareto Securities, is closing the Norwegian hedge fund Paleo Fund, which he founded in 2021. following several consecutive years of financial losses, according to a report by AMWatch.
After a recent press conference by China’s National Development and Reform Commission yielded little in the way of new economic measures, Goldman Sachs recorded the largest single-day net selling of Chinese securities, according to a report by MarketWatch.
Two former Pfizer executives have stepped back from hedge fund Starboard Value’s campaign to push for changes at the pharmaceutical giant after previously advocating for the activist investor’s efforts, according to a report by the Financial Times.
Global hedge fund major Winton suffered significant losses in its China-focused strategy after an unexpected stimulus package from Beijing last month led to a sharp rally in local stock and commodity markets, according to a report by Reuters.
Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
Kirkoswald Asset Management founder and veteran macro trader and hedge fund manager Greg Coffey is exploring new investment possibilities in Turkey and recently traveled to the country for discussions with bankers and economists, according to a report by Bloomberg.
Deer Park Road Management Co, a hedge fund firm known for its profitable bets on distressed assets, is ramping up its investment in commercial real estate debt, positioning itself to benefit from a downturn reminiscent of 2009, according to a report by Bloomberg.
