Managers
Activist hedge fund Third Point owns a stake in Salesforce Inc, the software company currently facing pressure from four other activist investment firms to make changes at board level, according to a report by Reuters.
Brazilian hedge fund manager SPX Capital is taking a leading role alongside other asset management firms in restructuring negotiations on behalf of a group of investors holding local bonds of troubled retailer Americanas SA, according to a report by Bloomberg.
Global funds services and solutions provider Ocorian has appointed Peter Corry as head of global funds, Luxembourg. Corry joins from IQ-EQ where he spent the last three years as Country Delivery Director for the firm’s Luxembourg operations.
A record of consistently high returns is allowing multi-manager hedge funds to command expenses fees three times higher those charged by their traditional single-manager fund peers, according to a report by Reuters.
Man Group, the world’s largest listed hedge fund is positioning for a sell-off in emerging markets putting it at odds with the bullish stance adopted by many of Wall Street’s larger investment banks including Morgan Stanley Investment Management and Goldman Sachs, according to a report by Bloomberg.
Man Group Plc, which manages $138 billion in assets globally, with around half of that total within EMEA, believes that the rally in risk assets so far this year isn’t supported by improvements in economic fundamentals and that a reversal is likely, as soon as “within the next two months”, according to Guillermo
An Asian subsidiary of US-based hedge fund Citadel, is looking to tap into investment opportunities on the Chinese mainland having submitted an application to the country’s securities regulator to become a qualified foreign Institutional Investor (QFII).
According to the China Securities Regulatory Commission’s website, Citadel Asia’s application was accepted for review on 3 February.
If granted, Citadel will be able to invest in China’s capital markets, including the country’s stock markets as well as private equity funds and derivatives.
Founded in 1990, Miami-based Citadel recently became the most profitable hedge fund ever by pulling in a record $16 billion annual
Verde Asset Management, one of Brazil’s best-known hedge fund managers, has been hit by what its says is the biggest case of Brazilian corporate fraud on record, after accountancy ‘inconsistencies’ led to the collapse of Brazilian retailer Americanas, according to a report by Bloomberg.
The report cites an investor note from the firm as revealing that exposure to the retailer’s local bonds resulted in a 14 basis-point loss last month, trimming monthly gains to 2.7%.
Americanas saw its shares and bonds collapse in spectacular fashion after a BRL20 billion ‘hole’ was found in its accounts leading the company to file
A unexpectedly sharp surge in stocks last week saw hedge funds rushing to exit losing bets on falling markets at the fastest pace in years, according to a report by the Financial Times.
Brevan Howard Asset Management is the latest big name hedge fund firm to expand its presence in the Middle East with news of plans to open a new office in Abu Dhabi in the United Arab Emirates (UAE), according to a report by Bloomberg.Â
Hedge fund industry trade association the MFA has weighed in on one of the investment world’s most closely watched legal cases by backing efforts by activist hedge fund Politan Capital Management to reverse “draconian” amendments to medical device company Masimo Corp’s bylaws, according to a report by Reuters.
Masimo Corp’s new bylaws mean that any activist looking to nominate directors at the company would have to disclose the identities of the fund’s limited partners and future plans to nominate candidates elsewhere, information that is normally closely guarded by hedge funds.
In an amicus curiae, or ‘friend of the court brief’,
