Managers
Barclays has expanded the scale of its trading relationship with Qube Research & Technologies to more than $100bn in gross notional positions, underscoring the growing importance of the multi-strategy hedge fund to the bank’s prime brokerage operation, according to a report by Bloomberg.
Jain Global is expanding its Asian presence with new hires and additional office space in Hong Kong as Bobby Jain’s multi-strategy hedge fund prepares to transition away from external investors and manage capital exclusively for Millennium Management, according to a report by Bloomberg.
Japanese authorities may be trying to prop up the yen, but for currency traders the resulting rallies are creating opportunities to rebuild bearish positions in the currency, according to a report by Bloomberg.
Bill Ackman has made his biggest portfolio overhaul in years, adding six companies to Pershing Square’s holdings as the billionaire investor broadens his exposure to businesses he expects to deliver strong earnings growth, according to a report by Reuters.
Northern Star Resources has rejected activist investor Elliott Investment Management’s proposal to install six new directors, arguing that the hedge fund’s demands would undermine proper corporate governance, according to a report by Northern Miner.
Activist investor Cevian Capital is calling for a substantial increase in remuneration for non-executive directors at UK-listed companies, arguing that better pay and greater share ownership are needed to attract stronger boardroom talent and help reverse the decline of the London equity market, according to a report by the Financial Times.
Nelson Peltz’s activist investment firm Trian Fund Management is putting together a consortium of investors to pursue a potential take-private deal for Wendy’s, according to a report by Reuters citing an unnamed person familiar with the plans.
Optical component stocks are once again emerging as a favoured momentum trade as investors regain confidence in the scale of artificial intelligence spending by the world’s biggest technology companies, according to a report by Bloomberg.
Global hedge funds increasingly rotated within the artificial intelligence trade during July, reducing exposure to some of the sector’s most crowded names while favouring companies showing clearer evidence that heavy AI investment is translating into revenue and earnings growth.
Activist hedge fund Elliott Investment Management has stepped up pressure on Australian gold producer Northern Star Resources, putting forward six potential directors after negotiations with the company failed to deliver agreement on board changes, according to a report by Northern Miner.
