Managers
Activist investor Elliott Management has backed NiSources’ decision to appoint a new chief executive officer (CEO) having revealed a stake in the US utility company, according to Reuters.
US warehouse-focussed real estate investment trust LXP Industrial Trust, has received an ‘expression of interest’ to acquire the business for USD4.5 billion from hedge fund Land & Buildings Investment Management, according to Reuters.
Centica, the owner of Britain’s largest energy supplier British Gas, is bracing for an assault from activist hedge fund investors looking to cash in on the global energy crisis, according to a report by The Daily Telegraph.
LUCA Japan, a digital platform for alternative investments has formed a strategic partnership with Xen Technologies Pte Ltd (Xen Capital), a Singapore-based digital platform that provides a white-label alternative investment solution and marketplace.
SEI has formed a strategic partnership with Maybank Group (Maybank) to provide Maybank’s clients with access to SEI’s manager selection platform and asset management capabilities, including proprietary manager research and due diligence, risk management, and investment research, to Maybank clients.
A Market-neutral DeFi hedge fund has been launched by former investment manager Evgeny Gokhberg on London-based Falcon Investment Management’s multi-manager investment platform.
The stock of casino operator Bally’s Corp was up 24 per cent on Tuesday, after its biggest shareholder, hedge fund Standard General, which offered to acquire all of the company’s outstanding shares for USD38 a share, according to a MarketWatch report.
The offer, which was the report says was made in a latter to Bally’s board, represents a roughly 30 per cent premium over the stock’s closing price Monday.
Standard general already owns more than 20% of Bally’s shares and intends to use a combination of sale-and-lease back and other long-term financing to fund the deal.
Sustainable energy stocks have attracted the interest of hedge fund short sellers, according to a report in the Financial Times, with managers betting that the prospect of interest rates rise will mean companies with strong environmental credentials but weak earnings are less attractive to investors.
Post Road Group (Post Road), an alternative investment firm focused on middle-market corporate strategies and real estate, has closed the Post Road Special Opportunity Fund II LP with total capital commitments of more than USD300 million, exceeding the Fund’s target.
SOF II received significant backing from existing Post Road limited partners as well as new investors globally, including pension funds, fund of funds, university endowments, private foundations, and family offices.
SOF II invests in a range of corporate strategies, including secured credit, structured equity, and special situations in middle-market technology, media, telecommunications, and business services sectors. The Fund seeks
LexShares, a tech-enabled leader in litigation finance, has held the oversubscribed closing of the LexShares Marketplace Fund II (LMFII), a USD100 million fund dedicated to investments in commercial legal claims.
LexShares’ deployment of the fund will be overseen by new chief executive officer, Cayse Llorens, who joined the firm’s senior leadership team in 2021.
Investment in the fund was led by Titan Advisors, a USD4.5 billion alternative investments firm, with additional participation from several institutional investors and select family offices.
