Managers
The philanthropic foundation set up by Chris Hohn, founder of hedge fund firm The Children’s Investment Fund Management (TCI), donated almost $500m to charitable activities last year despite recording an investment loss for the first time in ten years, according to a report by The Times.
Clough Capital Partners, a hedge fund firm with $1.3bn in client assets under management, has entered the active ETF space by assuming management of the Changebridge Select Equity ETF (BSE) and the Changebridge Long/Short Equity ETF (CBLS).
Hedge fund MFN Partners is pushing for the establishment of an official committee to represent shareholder interests in logistics company Yellow’s bankruptcy case, according to a report by the Wall Street Journal citing a securities filing.
Hedge funds have upped their exposure to the seven biggest technology company stocks to the highest level ever seen, just as Nvidia hit an all-time individual high after exceeding revenue expectations, according to a report by Reuters.
Investors in Lone Pine Capital, the hedge fund firm founded by Steve Mandel, made investment redemptions totalling around $3bn in the 12 month period to the end of June, despite performance recovering from a challenging 2022, according to a report by Bloomberg.
Hedge funds are likely expanding their basis trade activity, which exploits the price differences between future and their underlying bonds, with short sales of US Treasury futures having surged, according to a report by Bloomberg.
Improving optimism for emerging market equity futures has prompted hedge funds to increase their bullish positions in the asset class to the highest level seen since the pandemic three years ago, according to a report by Bloomberg.
Weiss Multi-Strategy Advisers, a New York-based hedge fund firm with around $3bn in assets under management, has axed four of its trading strategies as part of a review of its investment teams, according to a report by Bloomberg.
A disgruntled former employee is to blame for a “series of misinformation attacks” against Tiger Global Management over the past several months, according to a report by Bloomberg citing a letter sent to investors by the New York-based investment firm.
Templeton Global Income Fund has selected Saba Capital Management (Saba), a global alternative asset management firm specialising in credit relative value strategies and capital structure arbitrage, as its new investment adviser.
