Managers
Bridgewater Associates, the world’s largest hedge fund, is to open its first ever office in Manhattan after quietly signing a deal for 60,000 sq ft of space at 295 Fifth Avenue, according to a report by the New York Post.
CVS Health Corp saw it stock price climb by 1.7% on Monday after news broke of planned a meeting between the healthcare giant and its major hedge fund investor, Glenview Capital Management, according to a report by MorningStar.
China’s quantitative hedge funds are grappling with increased margin pressures as the country’s largest stock market rally in over a decade continued during trading on Monday, according to a report by Bloomberg News.
Hedge funds have been offloading US energy stocks at the fastest rate seen in five years marking the sector as the most heavily sold on Goldman Sachs’ prime brokerage trading desk last week, according to a report by Reuters.
Expecting a series of interest rate cuts from the Federal Reserve to rejuvenate the green transition is misguided, according to a report by Bloomberg citing Barry Norris, Founder and Chief Investment Officer of UK hedge fund Argonaut Capital Partners.
An affiliate of activist investment firm Elliott Investment Management, Amber Energy Inc, has emerged as the leading bidder in the auction for Citgo Petroleum Corp’s parent company with a $7.3bn offer, according to a report by Bloomberg.
Bullish bets on gold by hedge funds and other large investors have soared to their highest level in over four years, as the precious metal continued its climb following the Federal Reserve’s first interest-rate cut since 2020, according to a report by Bloomberg.
Glenview Capital Management, the $2.5bn healthcare-focused hedge fund founded by Larry Robbins, is set to meet with senior executives of CVS Health on Monday to suggest strategies for improving the company’s operations, according to a report by The Wall Street Journal.
Several quantitative hedge funds in China faced significant setbacks on Friday as the country’s equities experienced their biggest rally in years, with a technical glitch at the Shanghai Stock Exchange exacerbating their problems, according to a report by Bloomberg.
Appaloosa Management founder David Tepper is ramping up his investments in China after Beijing rolled out unexpectedly strong stimulus measures to revive the country’s sluggish economy, according to a report by Investing.com.
