Managers
Pershing Square, the US hedge fund firm led by Bill Ackman, has launched a roadshow for the initial public offering of its common shares of beneficial interest of a new investment holding company with an expected IPO price of $50.00 per share.
US-based hedge fund Elliott Associates has asked a London court to overturn a previous verdict that upheld the London Metal Exchange’s March 2022 decision to cancel $12bn worth of nickel trades, according to a report by Reuters.
Hedge fund bets on a stronger pound reached their highest level in more than six years ahead of last week’s UK election, driven by investor confidence in a Labour victory bringing stability to the country’s politics and economy, according to a report by Bloomberg.
Activist hedge fund firm Elliott Investment Management has intensified its campaign against Southwest Airlines, criticising the airline’s board for adopting a “poison pill” strategy and appointing a new director, according to a report by Skift.
Hedge funds have significantly increased their bearish bets against petrol prices, with short wagers reaching the highest level in seven years due to unexpectedly weak demand during this summer’s driving season, according to a report by Bloomberg.
Alphabeth, a winner of multiple awards at the Hedgeweek Global Digital Assets Awards 2024, is a digital assets-focused hedge fund firm whose proprietary investment models combine on-chain and market data analysis. Operations Director Enmanuel A Rodriguez Davila (pictured) outlines some of the firm’s current challenges and opportunities and what sets it apart from other digital assets hedge funds…
Hedge funds are aggressively investing in commodity-sensitive stocks, ramping up their acquisitions to the fastest rate seen in five months, according to a report by MarketWatch citing data from the prime brokerage division at Goldman Sachs.
Viridian Asset Management, a new hedge fund firm led by Pascal Guttieres, a former portfolio manager at Segantii Capital Management, has received approval in principle from Hong Kong’s securities watchdog, according to a report by Bloomberg.
TOP STORY: Hedge funds that bet against Tesla have been hit hard by a substantial rally in the company’s share price, with 18% of over 500 hedge funds tracked by Hazeltree holding short positions in Tesla by the end of June, up from 15% at the end of March, according to a report by Bloomberg.
Paul Singer’s Elliott Investment Management, one of the world’s largest activist investment firms, is planning to expand its New York City office presence, four years after moving its headquarters to Florida, according to a report by the Real Deal.
