Managers
Jefferies Financial Group is in the process of winding down its hedge fund, 352 Capital, following a lawsuit against a former portfolio manager over alleged fraud, according to a report by Bloomberg citing sources familiar with the matter.
Hedge funds Nut Tree Capital Management and Caspian Capital have made a joint offer to acquire Martin Midstream Partners, in a bid to thwart a proposed buyout of the fuel storage and transport company by its largest shareholder, according to a report by Reuters.
South Korea has filed an appeal against a ruling by a Hague-based arbitration court that ordered the country to pay $32m to US hedge fund Mason Capital Management as compensation over its intervention in the 2015 merger of two Samsung affiliates, according to a report by the South Korea Herald.
Anthony ‘the Mooch’ Scaramucci’s SkyBridge Capital has restricted client withdrawals from its crypto-focused hedge fund, even as the fund’s returns have soared, according to a report by Bloomberg citing a recent regulatory filing.
Galapagos Global Capital Management, the US-based hedge fund manager of Brazilian-founded Investment Company Galapagos Capital, has selected State Street Corporation to provide a range of fund services for two of its funds.
Ron Ozer, a specialist in natural gas trading known for making significant bets in the volatile market, has managed to reduce losses at his Miami-based hedge fund Statar Capital after experiencing double-digit declines earlier in the second quarter, according to a report by Bloomberg.
Hedge funds including the UK’s Man Group are increasingly investing in South Korea’s chipmakers, betting that a surge in AI-driven demand for high-end memory chips and substantial government support will boost their value, according to a report by Reuters.
Bill Hwang, founder of the now-defunct hedge fund Archegos Capital Management, has been found guilty of securities fraud and market manipulation which resulted in billions of dollars in losses for global investment banks, according to a report by the Associated Press.
Lombard Odier Investment Managers has launched a new DataEdge fund, a market-neutral alternatives strategy that combines big data analysis and systematic investment expertise to identify trends in consumer behaviour and their impact on company earnings forecasts.
International energy services company Petrofac was the UK’s most shorted stock as of 8 July, according to new analysis from global exchange traded product issuer GraniteShares, with some 9.86% of the company’s stocks held short by six investment firms.
