Managers
Hedge fund Elliott Management is to invest in a special purpose acquisition company (SPAC), according to a report by the Financial Times.
SPACs have fallen out of favour with many investors in recent months, but Elliott, along with New York investment firm Siris Capital, is to invests $20 million in a SPAC deal for travel tech group Mondee. The deal values Mondee at $1 billion.
Fast-growing hedge fund Verition Fund Management has moved to new offices in Manhattan, four times bigger than its previous premises.
The firm has taken 38,000 sq ft on the 35th floor at 245 Park Avenue, according to a report by Bloomberg.
The new office can accommodate up to 200 people providing enough space for Veriton’s recent and future growth.
Shanghai Banxia Investment Management Center, one of China’s top performing macro hedge funds, has reduced its exposure to domestic stocks to xero, according to a report by Bloomberg.
Hedonova, an alternative assets hedge fund, has invested $3 million in the ALTS 1 Fund, the latest fund from the alternative investment management firm, Alts.
The new partnership provides Hedonova’s investors with access to the ALTS 1 fund’s ten asset classes, which include collectibles and culture, cryptos and NFTs, fine art, music rights, specialty real estate, wine and whiskey, and sneakers.
Hedonova is a hedge fund that champions accessibility and its partnership with ALTS 1 marks Hedonova’s latest efforts to make investing convenient, accessible and diversified. Hedonova currently offers investors access to over twelve alternative asset classes through a single
Davidson Kempner (DK), a hedge fund dubbed ‘boring’ by one of its competitors due to its solid but unspectacular returns and the low-profile style of the firm’s investment boss Tony Yoseloff, is approaching the $40bilion mark, according to a report by Bloomberg.
Man Group’s asset under management (AUM) hit a record $151.4 billion in the first three months of 2022 on the back of strong net inflows of $3.1 billion for the period, according to the firm’s latest trading statement.
The growth stemmed from alternative strategies which saw a $5.3 billion uplift in AUM to $96.9 billion with inflows of $3.0 billion and positive performance.
Long-only strategies saw a slight decrease in AUM with a fall from $57 billion to $54.5 billion mainly due to negative investment performance and a small $0.1bn net inflow.
Blockchain startup IO Investment Academy is launching the first DeFi NFT project based on fractional investment which will help small investors to gain access to a large blockchain-focused hedge fund that had a return rate of over 300% in 2021.
This new project is introducing fractional investment into the blockchain world to change the landscape of traditional investments and business-minded focus groups.
By pooling capital through their NFTs sale, they allow small investors who can’t meet the minimum thresholds to have access to a large blockchain-focused hedge fund.
IO Investment Academy invest 80% of the funds raised from the NFTs
A new survey from prime broker IG Prime has revealed that UK hedge fund managers overwhelmingly prefer UK stocks to those from other jurisdictions, according to a report by Investment Week.
In all, some 96% of managers surveyed made UK stocks their No1 choice despite other countries seeing much higher stock market growth.
Year-on-year UK stock market growth currently measures 9% according to market platform Trading Economics, while Argentina has seen year-on-year growth of 91.4%, Turkey 74.6%, and the UAE 66.8%.
Gabe Plotking, founder of struggling hedge fund Melvin Capital, has proposed returning capital to investors and granting the the right to reinvest in a new fund, according to a report by CNBC.
If agreed, the plan would see the current fund, which was down 21 per cent at the end of Q1 on the back of a 39 per cent loss in 2021, wound up by the end of June, with a new fund set to replace it from 1 July.
Plotkin would then avoid then be able to earn a performance fee from the new fund without having to
Pershing Square Holdings, the hedge fund headed up by Bill Ackman, has exited its Netflix investment racking up losses in excess of $400 million in the process, according to a report by Business Times.
The streaming service’s share price plunged on Wednesday (April 20) after it revealed a decrease in subscribers for the first time in a decade.
Pershing Square, which acquired 3.1 million Netflix shares in January, said in a statement that: “While Netflix’s business is fundamentally simple to understand, in light of recent events, we have lost confidence in our ability to predict the company’s future prospects with
