Managers
More than four in five fund managers (83%) agree that they can leverage blockchain technology to grow their markets as financial services become more transparent, new global research from digital assets marketplace Token City shows.
The hedge fund Tiger Global has lost $17 billion throughout this year’s tech selloff, one of the biggest dollar declines for a hedge fund in history, according to a report from the Financial Times.
As his hedge fund experiences record losses amid a sharp decline in stocks, Alister Hibbert, BlackRock’s $100 million money manager, has turned bearish, according to a report from Bloomberg.
Engagement strategies employed by fund managers, which are designed to force companies to pollute less, are a ‘collective failure’ according to hedge fund boss Chris Hohn.
A report by BNN Bloomberg quotes the TCI Fund Management chief executive at this week’s Bloomberg Intelligence ESG Investment Forum in London as saying: “We should stop pretending and be honest. The acid test is actual emissions, are they falling or are they rising? And they’re rising. And that’s where the rubber hits the road.”
Rio de Janeiro-based hedge fund manager Adam’s flagship fund suffered it’s biggest monthly loss on record in April, according to a report by Bloomberg.
Elliott Investment Management, an activist investor with four decades of experience in ‘encouraging’ board-level change at blue chip companies, has set its sights on Suncor, one of Canada’s largest energy companies, according to a report by The Globe and Mail.
Billionaire hedge fund boss Ken Griffin’s flagship hedge fund posted a 7.45% gain in April bringing returns so far in 2022 to almost 13%, according to a report by Reuters.
Hedge fund Alta Fox Capital Management, the beneficial owner of approximately 2.5% of the outstanding shares of Hasbro Inc, has filed a definitive proxy statement with the US Securities and Exchange Commission in connection with Hasbro’s 2022 Annual Meeting of Shareholders.
Alta Fox disclosed in its materials that it has reduced its slate to three director candidates after taking into account Hasbro’s recent expansion of its Board of Directors, the Company’s most pressing needs and feedback from other shareholders. In addition, Alta Fox sent a letter to shareholders.
The letter states that shareholder-driven change is needed at the 2022 annual
US interest rates will have to increase a lot more than Federal Reserve boss Jerome Powell is currently planning if inflation is to be controlled effectively, according to one of the top strategists at Bridgewater Associates, the world’s largest hedge fund.
In a report by Bloomberg, Rebecca Patterson, who has previously been a member of the Fed’s advisory committee, is quoted as saying that: “Markets are discounting that you are going to have inflation not back down to 2%, but to around 3%, over the next three years – and that’s with a lot of Fed tightening. The question to
A backlash from investors has prompted struggling hedge fund Melvin Capital Management to ditch plans to start charging performance fees again despite incurring heavy losses, according to a report by The Wall Street Journal.
Melvin Capital boss Gabe Plotkin last week wrote to investors outlining a plan to effectively launch a new slimmed down $5 billion fund to replace the firm’s original fund and reinstate performance fees, despite investors sitting on a 51.8 per cent loss in the first three months of the year.
Plotkin is quoted as saying: “I am sorry. I got this one wrong. I made a
