Managers
GoldenTree, a US-based opportunistic, credit-focused hedge fund that owns Travelodge, is to put the budget hotel chain up for sale with £1 billion-plus price tag, according to reports by The Guardian and The Telegraph.
Investment opportunities created by stress or distress have grown dramatically in the emerging markets. Daniel Chapman, Founder & CEO at Argentem Creek Partners (pictured) details how a disciplined, value-oriented investment approach together with deep experience and extensive networks are critical to generating alpha in these markets.
Allegations of sexual misconduct levelled at Odey Asset Management founder Crispin Odey have prompted prime brokers, including Goldman Sachs, JP Morgan and Morgan Stanley, to review their relationship with the hedge fund, according to a report by Reuters.
Tiger Global Management is among a number of technology-focused stock hedge funds that racked up further gains in May on the back of a surge in the value of AI-related businesses, with the fund up 6.5% over the month, according to a report by Bloomberg.
The report cites unnamed sources familiar with the matter as revealing that Chris Coleman’s firm is now up 15.5% so far this year as it looks to recover from last year’s losses. Alex Sacerdote’s Whale Rock Capital Management meanwhile, returned 14.4% in its public equity portfolio in May, bringing its year-to-date return to 23%.
Market
The efforts of central banks around the world to tackle inflation have failed to have a meaningful impact, and threats to the broader global economy remain, according to a report by Reuters citing comments from Man Group Chief Executive Luke Ellis.
Rob Luciano, the founder of Australian hedge fund firm VGI Partners, is taking a ‘sabbatical’ from the business one year after his firm completed a merger with Phil King’s Regal Funds Management, according to a report by the Financial review.
The combined, ASX-listed group, operates as Regal Partners but has retained the VGI name on several funds including two listed products. The report cites unnamed sources as saying that Luciano is expected to inform investors in the two funds of his decision to take an initial three-month break via webinar.
VG1 Global Investments, the largest of the two listed funds
US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio leading the way with a 6.14% return to the end of May, according to a report by Reuters.
US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio chalking up a return of 6.14% to the end of May, according to a report by Reuters.
US hedge fund manager Tom Wagner, the co-founder of Knighthead Capital Management, which oversees about $9 billion and focuses on event-driven investing and distressed credit, has had his takeover of Birmingham City FC apportioned by the English Football League (EFL).
Knighthood Capital Management-owned Shelby Companies Limited, last month agreed a deal to buy 24% of the club’s shares from Birmingham Sports Holdings (BSHL) and an additional 21.64% from Oriental Rainbow Investments Limited, and Achiever Global Group Limited, for a consideration of about £5.3 million ($6.7 million) in cash, along with a series of subsequent payments if Birmingham City FC is
London-headquartered hedge fund firm Marshall Wace has appointed Todd Builione, a partner and global head of private wealth at its private equity backer KKR, to run its US business in New York, according to a report by The Financial Times.
