Managers
Senior Millennium Management portfolio manager Farzad Kassam is preparing to launch his own hedge fund next year, with backing from Izzy Englander’s multi-strategy investment firm in the latest example of established platforms seeding new managers, according to a report by Bloomberg.
Activist hedge fund Jana Partners has intensified its campaign at payments technology company Fiserv, urging the business to conduct a comprehensive review of its operations and portfolio while renewing calls for changes to the board, according to a report by Reuters.
Quantitative hedge fund Squarepoint Capital is continuing to strengthen its commodities trading business, adding experienced traders from leading commodity merchants and investment firms as it expands its presence across both derivatives and physical markets, according to a report by eFinancial Careers.
Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, is seeking additional capital from investors following sharp losses during the recent correction in technology and AI-related stocks, according to a report by the Financial Times.
Hedge funds are increasing bearish positions in several US critical minerals companies, betting that strong government backing for the sector will not be enough to overcome China’s long-standing dominance of global supply chains, according to a report by the Financial Times.
Align Technology, the manufacturer of Invisalign clear aligners, has reached a settlement with activist hedge fund Elliott Investment Management that will see three new independent directors added to its board, according to a report by Bloomberg.
The Bank of England is examining whether investment banks operating in the UK are overly exposed to Asian equities through their prime brokerage businesses, amid growing concerns over concentrated leveraged positions in AI-related stocks held by hedge funds and other investors, according to a report by the Financial Times.
Hedge funds and other institutional investors are continuing to back one of Europe’s most widely held fixed income trades despite repeated setbacks caused by geopolitical tensions and shifting interest rate expectations, according to a report by Bloomberg.
Wall Street’s leading prime brokers including Goldman Sachs and JPMorgan Chase are demanding additional collateral from hedge fund clients as the sharp sell-off in AI-related stocks drives losses across some of the industry’s most crowded trades, according to a report by the Financial Times.
Goldman Sachs believes the recent sell-off in Japan’s AI-related equities has created an attractive entry point for investors, arguing that a strong earnings season could reignite interest in the country’s semiconductor sector despite heightened market volatility, according to a report by Bloomberg
