Managers
BP is facing calls to ditch its commitment to cut oil and gas output as well other key parts of its strategy to make the company a provider of clean energy from activist investor, Bluebell Capital Partners, according to a report by the Financial Times.
Millennium Management, the multi-strategy major founded by Izzy Englander, has pulled cash from Meridiem Capital Partners, three years after backing the stock-focused hedge fund to the tune of $1.5bn, according to a report by Bloomberg.
Having agreed to pay more than $19m to settle US SEC charges relating to improper bond trading, hedge fund Chatham Asset Management is now looking to recoup those costs, plus damages, from its compliance adviser Advisor Compliance Associates, according to a report by Bloomberg.
The Dubai Financial Services Authority has described 2023 as an “exceptional growth year”, with the regulator having licensed and registered a record-breaking 117 firms, including a big increase in hedge funds during the 12-month period, an increase of 25% over 2022.
With growing expectations that the US Federal Reserve will move to cut interest rates in the coming months, XIB Asset Management, a Canadian hedge fund that gained more than 200% in the first two years of the pandemic, is backing gold and uranium to outperform, according to a report by Bloomberg.
Multi-strategy hedge fund manager Verition Fund Management has signed a lease for new office accommodation at Piccadilly Circus in the heart of London’s West End, according to a report by Bloomberg.
Bill Ackman, the CEO and Portfolio Manager at hedge fund Pershing Square Capital Management, and his Israeli-born wife Neri Oxman, have paid $25m to acquire a 4.9% stake in the Tel Aviv Stock Exchange, according to a report by Reuters.
Activist investment firm Trian Fund Management’s $3bn bet on Walt Disney impacted performance in 2023, as the firm, founded by Nelson Peltz, underperformed relative to its activist hedge fund peers, according to a report by Reuters.
For the first time in 10 weeks as of last week, hedge funds bought more stocks of US companies than they sold, adding $554m to their portfolios, according to a report by Reuters citing data from the Bank of America.
Qube Research & Technologies has built a short position against German companies of more than $1bn as Europe’s biggest economy slows in response to a downturn in global demand, according to a report by Bloomberg.
