Managers
Food manufacturing group Bakkavor has made a change to its board after hedge fund Baupost sold its 20.1% stake in the business to private equity investment firm LongRange Capital, according to a report by ShareCast.
Hong Kong-based hedge fund Torq Capital is shutting up shop after more than seven years of trading with founder and Chief Investment Officer Avinash Abraham set to re-join Citadel as a Portfolio Manager, 15 years after leaving the firm, according to a report by Bloomberg.
Sean Gambino, who closed his own Heron Bay Capital hedge fund firm in 2022 to join Eisler Capital, is leaving the multi-strategy investment firm to set up on his own again, according to a report by Bloomberg.
Kirkoswald Asset Management, the London-based investment firm founded by Australian Greg Coffey, has become the latest hedge fund to establish a presence in Abu Dhabi with the opening of a new office in the emirate, according to a report by Bloomberg.
Hedge funds that make money from M&A arbitrage are set to benefit amid signs that the deal activity is beginning to recover after 2023 turned out to be the sector’s worst year for a decade, with deal volume totalling just $2.9tn, according to a report by Bloomberg.
The incorporation of environmental and social metrics into investment strategies is becoming increasingly common among hedge fund managers, according to a report by Bloomberg citing research by analysts at UBS Group.
Elliott Investment Management, the prominent activist hedge fund firm founded by Paul Singer, has built a roughly $1 bn stake in Match, the parent company of Tinder, Hinge and other dating platforms, according to a report by the Wall Street Journal.
Doubts over growth in oil consumption during 2024 prompted hedge funds and other investors to resume selling petroleum futures and options, especially those tied to crude, after two weeks of purchases, according to a report by Bloomberg.
The tech stock sell-off by global hedge funds continued for the third week running last week with mangers with managers cutting their long wagers in the sector at the highest level seen in 11 weeks, according to a report by Reuters.
Activists have chosen their past targets well, with their campaigns helping to produce above-market shareholder returns, according to the latest Activist Alert from global professional services firm Alvarez & Marsal (A&M).
