Managers
Hedge funds received only a limited allocation of SpaceX shares ahead of the company’s recent listing, with demand largely steered toward sovereign wealth funds and long-only institutional investors, according to a report by the Financial Times citing unnamed people familiar with the matter.
Hedge funds reduced exposure to major US technology stocks and, in some cases, increased bearish positions in the days leading up to SpaceX’s public listing, according to a report by Reuters citing trading data from JPMorgan.
Activist investor Elliott Investment Management has reportedly acquired an almost 5% stake in UK distribution group Bunzl, marking the latest expansion of the hedge fund’s activism in the British market, according to a report by Bloomberg.
Hedge funds are increasingly divided over whether to continue riding the AI-driven equity rally or reposition for a potential correction after a multi-year surge in technology valuations has created sharp performance divergence across the industry, according to a report by Bloomberg.
Ken Griffin is accelerating the build-out of his Miami real estate and office campus after a public dispute over tax policy in New York reignited focus on Citadel’s long-term presence in Florida, according to a report by Bloomberg.
Oasis Management, Pentwater Capital Management, Alpine Global Management, Millennium Management, and Man Group, are facing the prospect of repaying over half a billion dollars after an appraisal arbitrage bet turned sharply against investors, according to a report by Bloomberg.
Elevated interest rates are creating a more attractive backdrop for disciplined private credit investors, even as parts of the sector continue to work through liquidity pressures and structural adjustment, according to a report by CNBC citing a senior executive at Man Group.
Prime brokers are tightening financing terms and limiting new swap exposure to South Korea’s largest semiconductor stocks as a record-breaking rally in AI-linked names drives concerns over crowding and downside risk, according to a report by Bloomberg.
Brazilian hedge fund SPX Capital is undergoing a significant internal restructuring after a prolonged period of weak performance, client outflows and high domestic interest rates that has reshaped the country’s asset management landscape, according to a report by Bloomberg.
The era of refinancing fixes and liability-management transactions that helped highly leveraged companies avoid default may be nearing its end, creating a potentially fertile environment for distressed investors, according to a report by Bloomberg citing Oaktree Capital Management MD Brook Hinchman.
