Managers
Hedge funds have been using the recent rally in US equities to reduce risk and scale back positioning, according to a report by Bloomberg citing a client not from traders on the prime brokerage desk at Goldman Sachs Group Inc.
Bill Ackman’s Pershing Square is expected to raise around $5bn through a new closed-end fund IPO, marking one of the largest listings in the asset management sector in recent years, according to a report by Reuters citing unnamed sources familiar with the deal.
Short interest in US life insurance stocks has surged sharply over the past year as investors increasingly question the sector’s exposure to private credit markets, according to a report by Reuters citing analysis of date from ORTEX.
Jain Global’s plan to return external investor capital and operate exclusively as part of Millennium Management from October 2026, has prompted uncertainty around the hedge fund’s organisational structure and headcount, according to a report by eFinancial Careers.
Paul Singer’s Elliott Investment Management has taken a position in Nippon Express Holdings, triggering a sharp rally in the Japanese logistics group’s shares as the activist investor expands its engagement in the country, according to a report by Bloomberg.
Jain Global is to return external capital and transition to managing money exclusively for Millennium Management, led by Izzy Englander (pictured), marking a significant strategic shift for the firm according to an exclusive report by Bloomberg.
New regulatory filings have reinforced Millennium Management’s position as the largest employer in the hedge fund industry, underscoring the growing dominance of multi-manager “pod shop” platforms across global markets, according to a report by HedgeCo.
A worldwide investigation is underway after the collapse of Mars FX, a hedge fund that once reported steady double-digit gains, with around $600m now unaccounted for, according to a report by Bloomberg citing court filings and unnamed people familiar with the matter.
Institutional Shareholder Services (ISS) has recommended that shareholders of WEX Group support two director candidates put forward by activist investor Impactive Capital, aligning broadly with views expressed by other proxy advisers ahead of the company’s upcoming annual meeting, according to a report by Reuters.
Veteran hedge fund manager Ricky Sandler is closing Eminence Capital after 27 years and returning capital to investors, citing a sustained period of underperformance and rising structural challenges in the industry, according to a. Report by Business Times.
