Managers
While a long-running feud between Two Sigma Co-Founders John Overdeck and David Siegel was making headlines last year, the secretive quant major was quietly generating steady returns for its investors, according to a report by Business Insider.
Former Millennium Management executive Bobby Jain is offering steep fee discounts to investors ahead of the launch of Jain Global, which is widely expected to be the largest hedge fund debut ever, in July this year, according to a report by Bloomberg.
Peconic Partners, the $1.5bn hedge fund firm founded by Bill Harnisch has upped its short wagers against US listed companies in the belief that the recent stock market rally will soon run out of steam, according to a report by Bloomberg.
D1 Capital Partners, the hedge fund firm founded by Dan Sundheim, ran into trouble with its private equity and venture capital bets for the second year running in 2023, with the firm making down the value of 49 companies in its portfolio, according to a report by Bloomberg.
North American hedge fund managers, and US managers in particular, are more confident about the prospects for their businesses going into 2024 than their global peers, according to the latest AIMA Hedge Fund Confidence Index.
International sports betting and gambling company Entain, the owner of a number of brands including Ladbrokes and Coral, has succumbed to pressure from activist hedge fund investors with the appointment of Eminence Capital founder Rick Sandler as a Non-Executuve Director, according to a report by the Financial Times.
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, bounced back from its loss-making 2022, with a return of 26.7% last year, beating the broader stock market, according to a report by Reuters.
Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters.
The downward trend in oil prices continued in the last days of 2023 despite a bout of short-covering by hedge funds in the final two weeks of the year as portfolio managers squared up some crude short positions, according to a report by Reuters.
Activist investment firm Blackwells Capital, and a shareholder of The Walt Disney Company (Disney), has nominated three candidates for election to the entertainment giant’s Board of Directors – Jessica Schell, Craig Hatkoff and Leah Solivan.
