Managers
A steady rally in stocks and elevated bond yields are pressuring global hedge funds to boost returns as they fight to staunch investor outflows, according to a report by Reuters that quotes industry insiders.Â
BioMarin has reached a settlement with activist investor Elliott Investment Management with the biotechnology company agreeing to add three independent directors to its board and form a committee to review operations, according to a report by Reuters.
Radcliffe Capital Management has always pursued strategies that identify meaningful mispricing where the Principals of the firm invest alongside its clients. Steve Katznelson (pictured), the firm’s CIO, chats to Hedgeweek about the success of its Ultra Short Duration strategy which benefits from the firm’s internally developed credit models, risk management systems, and extensive operational controls…
Billionaire Michael Platt’s hedge fund-turned family office BlueCrest Capital has largely lost a legal battle at the Court of Appeal in London, meaning that partners at the firm are now are liable to pay a higher rate of tax on part of their remuneration, according to a report by the FT.
ExodusPoint Capital Management, Millennium Management, and Citadel are among a group of around 10 hedge fund firms that dominate the so-called basis-trade, that looks to generate returns on the tiny price gaps between bond futures and their underlying US Treasuries, according to a report by Bloomberg.
The UK’s Financial Conduct Authority has concluded its investigation into Odey Asset Management, and will not take any action against the London-based hedge fund firm, which closed this year following allegations of sexual misconduct against founder Crispin Odey, according to a report by Reuters.
Global hedge funds have moved to cover their bearish bests against US-listed companies prompted by the unexpected rally in US shares following last week’s Federal Reserve meeting, according to a report by Reuters.
Activist hedge fund investor Carl Icahn is gearing up for a second board challenge at Ilumina as he looks to oust directors at the gene-sequencing company just months after shareholders elected one of his director candidates, according to a report by Reuters.
Multi-strategy hedge fund major Millennium Management is moving its European HQ to the firm’s former offices in Mayfair following a complete overhaul and extension of the property, according to a report by the Evening Standard.
Ernst & Young, the receiver for failed Canadian hedge fund Traynor Ridge Capital Inc has said that efforts to wind don the company have so far found only $3m in cash, a fraction of the $94m in assets the firm held in its investment funds as of the end of September, according to a report by the Globe and Mail.
