Managers
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.
China’s securities regulators have asked a number of hedge fund managers to restrict short selling of stock index futures as part of wider plans to stabilise the country’s declining markets, according to a report by Reuters.
Hedge fund Engine Capital has urged Calgary-based fuel retailer Parkland Corporation to focus on refreshing its board of directors rather than fighting a multimillion-dollar legal battle with its largest shareholder, according to a report by The Globe and Mail.
A “significant and unprecedented drawdown” following failed bets in China and Japan has prompted Singapore-based Asia Genesis Asset Management to liquidate its macro hedge fund, according to a report by Reuters.
Global hedge funds turned positive on US technology stocks in the week ending 18 January, upping their share purchases in the sector at the highest pace seen in two months, according to a report by Reuters.
Activist hedge fund firm Trian Fund Management has formally nominated founder Nelson Peltz and former Disney executive Jay Rasulo for seats on the board at Walt Disney, two days after the entertainment giant nominated a different slate of directors, according to a report by AP News.
Lord Michael Hintze, who recently sold the majority of his credit-focused investment firm CQS to a unit of Manulife Financial Corporation, has begun initial preparations for the launch of a new hedge fund firm, according to a report by Bloomberg.
Activist investor Nelson Peltz, a co-founder of hedge fund Trian Partners, has failed to present “a single strategic idea” to Walt Disney throughout two years of campaigning for a seat on the board of the entertainment giant, according to a report by the Financial Times.
Two of the main funds at Caxton Associates, one of the oldest and best-known global macro hedge fund managers, lost money last year as 2023 proved to be a turbulent year for bond markets, according to a report by the Financial Times.
