Managers
Hedge funds now represent the majority of activity in electronically traded UK government bonds, marking a significant structural shift in one of Europe’s most important fixed income markets, according to a report by Bloomberg citing data from electronic trading platform operator Tradeweb.
Activist investor Jana Partners is reportedly pressing Texas-based fintech software provider Alkami Technology to revive efforts to pursue a potential sale of the business, according to a report by Bloomberg.
The European Central Bank has warned that the growing use of leverage by hedge funds in euro-area bond markets could heighten financial stability risks during periods of market stress, according to a report by Bloomberg.
Whale Rock Capital Management, the technology-focused hedge fund led by Alex Sacerdote, significantly increased its exposure to a trio of artificial intelligence infrastructure companies during the first quarter, while trimming its position in chip giant Nvidia, according to a report by Barnhart.
Pershing Square’s proposed €55bn acquisition of Universal Music Group (UMG) has suffered a major setback after the Bolloré family, the company’s largest shareholder, publicly voiced opposition to the transaction, according to a report by the Finsancial Times.
Prediction market platforms including Kalshi are increasingly targeting hedge funds and other institutional investors as they look to move beyond their retail trading base and enter the next stage of market expansion, according to a report by Reuters.
Electronic design automation software provider Synopsys has reached a cooperation agreement with activist investor Elliott Investment Management that will see Elliott managing partner Jesse Cohn join the company’s board, according to a report by Reuters.
Hedge fund managers are increasingly looking beyond China’s artificial intelligence boom, instead focusing on overlooked domestic champions and niche sectors as they search for differentiated opportunities in the region, according to a report by Fund Selector Asia.
Asian markets turned risk-off on Thursday as renewed military escalation in the Middle East pushed oil higher and pressured equities across Asia, while investors also braced for key US inflation data, according to a report by Reuters.
Bank of America has initiated coverage on Pershing Square Holdings with a Neutral rating, describing Bill Ackman’s investment firm as a “Baby Buffett” model that is helping democratise hedge fund ownership for retail investors, according to a report by Benzina.
