Managers
Hedge funds continued to cut their holdings of China and broader emerging Asia market stocks in November, with both featuring among the most net sold regions over the course of the month, according to a report by Reuters.
Eastspring Investments and Barings have both reduced headcount in their China hedge fund operations as they battle to gain traction in the RMB6tn ($840bn) local market, according to a report by Bloomberg
GreshamQuant is the systematic arm of Gresham Investment Management LLC, founded by Scott Kerson in 2016, with the first line of code written by Co-Head & Chief Scientist Dr Thomas Babbedge and first trade executed by Portfolio Manager Scott Klipper in March 2017.
Trian Fund Management, the activist hedge fund firm founded by Nelson Peltz, is preparing to up the stakes in its campaign to agitate for change at The Walt Disney Company, by taking its case directly to shareholders.
Two of SilverBow Resources Inc’s largest investors, including hedge fund Ripose, are pushing the US oil and gas producer to revamp its board to address governance concerns and improve ‘dismal’ performance, according to a report by Reuters.Â
Andrew Lubin, former CEO of the London unit of Steven Cohen’s SAC Capital Advisors, and Tim Pearey, former CEO of Odey Asset Management, have started a “first-loss” hedge fund in Europe, according to a report by Bloomberg.
TOP STORY: The Internal Revenue Service has one upped the hedge-fund and asset-management industries in a case that could bring higher taxes for many fund managers, according to a report by the Wall Street Journal. The ruling in question could require managers to pay self-employment taxes of more than 3% on much of their income
Walt Disney Co. appointed Morgan Stanley Chief James Gorman and veteran media executive Jeremy Darroch to its board of directors ahead of an expected proxy fight with Trian Fund Management, according to a report by Bloomberg. This comes as billionaire Nelson Peltz and his Trian Fund Management are planning their own nominees to the board next year.
Inclusive Capital Partners, the fund founded by Jeff Uben, is closing down after a three year run. The activist investor has decided to close down the firm after it struggled to raise new cash, according to a report by Reuters.Â
Activist Investor, Anson Funds has acquired a controlling stake in software firm Twilio, and is pressuring the firm to sell of either its entire business or two of its units, according to a report by CNBC.Â
