Managers
Aspect Capital is broadening international access to its China-focused systematic trading programme, making one of its futures strategies available to global investors for the first time amid growing demand for diversification beyond traditional equity markets, according to a report by Bloomberg.
Activist investor Jana Partners is renewing pressure on insurance group Markel Group Inc to simplify its structure by divesting its ventures arm and returning capital to shareholders through a substantial share repurchase programme, according to a report by Bloomberg.
Chris Rokos’ hedge fund is moving forward with its expansion into the Middle East after receiving regulatory approval to establish an office in Abu Dhabi, reinforcing the emirate’s position as a growing centre for global asset managers, according to a report by Bloomberg.
Shares in Pershing Square’s newly listed investment vehicles recovered in their second day of trading, supported by disclosures that founder Bill Ackman (pictured) increased his personal investment in both entities following their IPO, according to a report by Bloomberg.
Whitbread has unveiled a major strategic overhaul that includes a £1.5bn sale-and-leaseback of its property portfolio and the exit of its branded restaurant operations, following sustained pressure from activist investor Corvex Management, according to a report by the Financial Times.
Activist investor ADW Capital, led by Adam Wyden, has submitted an unsolicited offer to acquire automotive services group Driven Brands Holdings Inc in a deal valued at nearly $3bn, escalating its campaign for strategic change at the company, according to a report by the Wall Street Journal.
Point72 Asset Management founder Steve Cohen is reshaping the hedge fund’s senior leadership framework, introducing an executive committee model while stepping back from the president title in a move aimed at supporting the firm’s continued growth and succession planning, according to a report by Bloomberg.
Engine Capital has called on engineering and construction group KBR Inc to consider a full sale of the business, arguing that the company is undervalued in public markets and could command a significantly higher price in a takeover, according to a report by Reuters.
Bill Ackman’s latest attempt to broaden his investment platform got off to a weak start on Wall Street, with shares in his newly listed fund falling sharply on debut amid subdued investor demand and a scaled-back fundraising effort, according to a report by the Financial Times.
Activist hedge fund firm Saba Capital has effectively won its long-running campaign to take control of the board of Edinburgh Worldwide Investment Trust, following a dramatic shift in shareholder voting dynamics ahead of the company’s AGM.
