Managers
A newly buoyant uranium market has prompted an increase in related trading activity by investment banks Goldman Sachs and Macquarie, as well as several hedge fund firms looking to benefit from a spike in the price of the nuclear fuel, according to a report by Bloomberg.
Segantii Capital Management, the Hong Kong-based multi-strategy hedge fund firm founded by Simon Sadler in 2007, has seen its assets shrink by 18% over the past year on the back of investment losses and client redemptions, according to a report by Bloomberg.
Activist investor Carl Icahn has secured two seats on the board at JetBlue Airways after revealing a 10% stake in the airline and then striking a deal that averts a potential proxy fight, according to reports.
Paul Singer’s $55bn Elliott Investment Management is considering an all-cash offer for UK electrical goods retailer Currys after rejection of its initial £700m bid (62p per share), according to its statement published on the London Stock Exchange.Â
Hedge fund majors Marshall Wace and Millennium Management are both likely to have profited from the recent sharp fall in Close Brothers’s share price, having held “significant” short positions in the beleaguered merchant bank, according to a report by The Times.
Cyber security at both the Securities and Exchange Commission and the Commodity Futures Trading Commission is an increasing concern for hedge fund managers following the adoption of new rules forcing them to disclose more about their investment strategies.
The headcount at New York-based hedge fund Jain Global now numbers more than 80 employees, according to a report by eFinancial Careers.
A record-breaking surge in cocoa prices on the back of poor harvests in West Africa has prompted hedge funds and other speculative investors to pile into the market, according to a report by Bloomberg citing positioning data from CFTC.
Brevan Howard, the Jersey-based global macro hedge fund major founded by Alan Howard, has upgraded to Behavox’s Quantum AI solution, two years after first partnering with the provider of AI-driven compliance solutions.
Third Point, the $10.6bn hedge fund founded and run by Daniel Loeb, plans to invest in private credit, having bet on positive conditions for both equity and credit markets for 2024, according to a report by Reuters citing an investor note.Â
