Managers
Rokos Capital Management, the hedge fund run by billionaire investor Chris Rokos, is looking to raise up to $3 billion in fresh capital on the back of record gains for its global macro fund, according to a report by Bloomberg.
Jana Partners has ramped up the pressure on Freshpet to consider a sale of the business by recruiting industry expert Kurt Schmidt to help with its campaign and possibly serve as a director candidate for the pet food company, according to a report by Reuters.
The report cites unnamed sources as revealing that Jana Partners, which reported owning a 9.9% stake in Freshpet in September, has added Schmidt to a group of advisers that already includes a former Kraft Foods chief financial officer and a former chief executive officer at Jarden Corp.
Schmidt, who currently serves as a director at
Third Point, the hedge fund firm run by billionaire investor Daniel Loeb, is to push for changes in the boardroom at Bath & Body Works, after building a stake of just over 6% in the retailer, according to a report by Reuters.
Kevin Kang, the co-founder of crypto hedge fund BKCoin was fired in October for allegedly misappropriating $12 million in investor money from three of the firm’s multi-strategy funds, according to a report by CoinDesk.
Activist investor Bluebell Capital Partners is agitating for changes at investment giant BlackRock including the removal of long-serving CEO Larry Fink, due to the firm’s inconsistent focus on environmental, social and corporate governance issues, according to a report by Reuters.
Citadel, the hedge fund firm founded by billionaire investor Ken Griffin, saw its gains so far in 2023 reach almost 32% following another month of positive performance in November, according to a report by CNBC.
New York-based hedge fund Fir Tree Capital Management is suing Grayscale Investments in a bid to secure access to information that could be used to force changes in the way the firm runs its $10.7 billion flagship Bitcoin Trust fund, according to a report by Bloomberg.
Fir Tree filed a law suit against Greyscale on 6 December at the Delaware Court of Chancery in a bid to force Grayscale to lower its fees, begin stock redemptions and hand over documents relating to its relationship with the Digital Currency Group.
The hedge fund also wants Grayscale to halt its efforts to
Orthogonal Trading has become the latest victim of the fallout from the sudden collapse Sam Bankman-Fried’s crypto exchange FTX and trading house Alameda Research, with the cryptocurrency hedge fund having been declared in default on almost $36 million of loans, according to a report by Bloomberg.
The report cites a tweet by Orthogonal Trading on Tuesday saying that it had been “severely impacted by the collapse of FTX and associated trading activities,” making it unable to repay a $10 million crypto loan. M11 Credit, the entity that runs the lending pool on DeFi protocol Maple subsequently issued a notice of
Big price swings and talk of a new supercycle have brought commodity hedge funds back into favour with investors after years of being largely ignored, according to a report by Bloomberg.
The report cites preliminary data from Bridge Alternative Investments as revealing that the top 15 commodity-focused hedge funds have increased their assets by 50% this year to a combined $20.7 billion. Some new players in the space have already closed to new investors, while big macro firms are on the look out for top talent as they boost their commodities teams.
The new breed of manager attracting investor interest
Risk management and asset allocation have been taking centre stage as interest rate risk and uncertainty have continued to impact markets. A cautious approach with little to no leverage can help hedge fund investors navigate this state of affairs successfully.
