Managers
Southwest Airlines Co has adopted a shareholder rights strategy, commonly known as a “poison pill,” in a bid to prevent activist hedge fund firm Elliott Investment Management from increasing its stake in the business, according to a statement released by the US carrier.
Confidence among hedge fund managers dipped in the second quarter of the year, falling below the historical average as measured by AIMA’s Hedge Fund Confidence Index, although managers remain generally optimistic about the prospects for their businesses.
Asian regulators risk stifling trading activity and negatively impacting market liquidity as they intensify their oversight of strategies popular among hedge funds in a bid stabilise slumping markets, according to a report by Bloomberg.
Bridgewater Associates will increase the performance fees for its onshore funds in China, capitalising on strong returns that have attracted significant assets despite ongoing challenges in the country’s RMB5.2tn ($715bn) hedge fund industry, according to a report by Bloomberg.
Hedge funds significantly reduced their holdings of European stocks in June, reversing the buying trend from the previous month, according to a report by Bloomberg citing data from Goldman Sachs Group Inc’s prime brokerage division.
Global hedge funds sold US shares of technology, media, and telecommunications companies in June at the fastest rate seen since 2016, with semiconductor stocks leading the trend, according to report by Reuters citing a Goldman Sachs note.
Hedge funds sold global equities in June at the fastest rate seen in two years, marking the third consecutive month of net selling, with the sell-off being primarily driven by short sales while long positions remained relatively stable, according to a report by Reuters.
Abu Dhabi’s successful push to attract top hedge funds has led to a shortage of office space on Al Maryah Island, home to the four towers of the Abu Dhabi Global Market, the emirate’s international financial centre and free zone, according to a report by Bloomberg.
Hedge fund majors Citadel and Millennium have posted solid gains in the first half of the year, continuing a strong performance trend for the multi-strategy firms that dominate the industry, according to a report by the Financial Times.
The insider trading case involving Segantii Capital Management, its founder Simon Sadler and former trader Daniel La Rocca has been adjourned by a Hong Kong court until 15 October, according to a report by Reuters.
