Managers
TCI Fund Management Limited, the $60bn London-headquartered hedge fund firm found by Chris Hohn, has established a presence in the United Arab Emirates with the opening of an office in Abu Dhabi.
A sharp rally in US and European shares over recent days has landed hedge funds betting on a decline in stock markets on either side of the pond with an estimated $43bn of losses, according to a report by the Financial Times.
Activist hedge fund firm Elliott Investment Management has succeeded in its demands for change at NRG Energy, with Mauricio Gutierrez leaving the company after being named as CEO eight years ago, and spending a total of 19 years with the company, according to a report by MarketWatch.
Jim Chanos, founder of long-short hedge fund firm Chanos & Co (formerly Kynikos Associates), and famed for bearish bets against Enron and Tesla Inc, is shuttering his hedge funds after almost four decades of trading, according to a report by the Wall Street Journal.
Hedge funds and other currency speculators have ramped up their bearish bets on the Japanese yen to the highest levels seen since April 2022, according to a report by Bloomberg, indicating sentiment that weakness in the currency will persist.
A global macro trading team lead by Adrian Owens is joining global alternative investment manager Investcorp-Tages from GAM, with the team continuing to manage its existing GAM Star Global Rates UCITS fund, which will remain on the GAM UCITS platform .
The National Bank of Canada and JonesTrading Canada Inc have both been named in a list of creditors of Traynor Ridge Capital Inc by court appointed receiver Ernst & Young, according to a report by Bloomberg, with the value of their claims against the troubled hedge fund yet to be determined.
Rithm Capital Corp has finally come out on top in the battle to acquire Sculptor Capital Management and its $32,8bn in assets under management, having on Friday completed a $12.70 Â per share takeover in a deal valued at approximately $719.8m.
Global alternative investment manager, Cheyne Capital, is looking to raise £7.5bn for the next iterations of its Cheyne Real Estate Credit Holdings (CRECH) programme to help fulfil UK and European borrower demand.
Bruno Magalhaes, a former portfolio manager at Autonomy Capital Research, is to join Brazilian hedge-fund major SPX Capital, after shutting down the hedge fund he helped launch in Brazil just two years ago, according to a report by Bloomberg.
