Managers
Having built a stake in Advance Auto Parts, activist hedge funds Third Point and Saddle Point Management have now secured three board seats at the firm as part of a “cooperation agreement” confirmed by the aftermarket car parts provider on Monday.
Record bullish speculative interest from hedge funds has helped push gold to an all-time high above $2,200 an ounce, according to a report by Kitco, citing the latest data from the Commodity Futures Trading Commission.
George Weiss, Founder of Weiss Multi-Strategy Advisers, unsuccessfully tried to find a buyer for his $3bn firm holding talks with several potential suitors including Millennium Management, before finally deciding to close the business, according to a report by Bloomberg.
Elliott Investment Management, the US activist hedge fund firm founded by Paul Singer, has withdrawn its unsolicited offer to acquire Currys after the UK-based electrical and electronics retailer rejected two bids.
Activist hedge fund ValueAct Capital has restated its support for Walt Disney and the entertainment giant’s current board led by Chief Executive Officer Bob Iger amid a boardroom challenge from rival activist Trian Fund Management.
London-based activist hedge fund firm Parvus Asset Management has increased its holding in budget airline Ryanair to over 7% from around 6%, with the acquisition of an additional €230m worth of shares, according to a report by The Irish Times.
Dylan Haggart, a former Partner at activist investment firm ValueAct Capital Management, is gearing up to launch his own investment firm in what will be one the highest profile activist launches in years, according to a report by Reuters.
Infini Capital Management, a Hong Kong-based multi-strategy hedge fund firm, has been granted in-principle approval from the Abu Dhabi Financial Services Regulatory Authority to open an office in the Abu Dhabi Global Market.
Trian Fund Management, the activist hedge fund firm founded by Nelson Peltz, has published a 133-page memo outlining strategies to enhance performance at entertainment giant The Walt Disney Company, according to a report by Fortune.Â
Abu Dhabi Global Market, the city’s financial centre, is actively engaging with 125 global firms, including hedge funds and asset managers, who are exploring opportunities to establish a presence in the Gulf emirate, according to a report by Financial News.Â
