Managers
Activist hedge fund Trian Fund Management has reignited takeover speculation around Wendy’s after founder Nelson Peltz said the burger chain’s shares are undervalued, triggering a sharp rally in the stock, according to a report by Reuters.
Quantitative hedge fund AlphaQuest is shutting its doors after suffering three consecutive years of losses, marking the end of a roughly 25-year run for the $2bn firm led by founder Nigol Koulajian, according to a report by Bloomberg.
Maverick Capital introduced four sizeable new equity positions in the fourth quarter of 2025 that immediately ranked among its top holdings, with early performance delivering a blend of strong gains and notable setbacks, according to a report by Institutional Investor.
Activist hedge fund Elliott Investment Management has disclosed a stake exceeding 10% in Norwegian Cruise Line Holdings, citing concerns over corporate governance and management spending, including on a Katy Perry concert, according to a report by Bloomberg.
Several high-profile hedge funds, including Tiger Global Management and Adage Capital Partners, trimmed stakes in leading AI-linked stocks during the fourth quarter of 2025, amid unease over stretched “Magnificent Seven” valuations, according to a report by Reuters.
The US dollar strengthened for a second consecutive session as hedge funds and currency traders pared back bearish positions, amid growing doubts that the Federal Reserve will deliver three interest-rate cuts in 2026, according to a report by Bloomberg.
Activist hedge fund Jana Partners has built a stake in payments and financial technology group Fiserv, engaging privately with management as it pushes for changes aimed at reviving the company’s sharply underperforming share price, according to a report by the Wall Street Journal.
US hedge fund Third Point has taken a stake in Spanish defence and technology group Indra and is backing plans by the company’s chairman to acquire smaller rival Escribano Mechanical & Engineering, according to a report by Bloomberg.
Bill Ackman’s hedge fund Pershing Square Capital Management is facing a class action lawsuit from minority investors over its $900m stake increase in Howard Hughes Holdings, which boosted Pershing’s ownership to nearly 47%, according to a report by Bloomberg.
Activist hedge fund Starboard Value is preparing to push for a sweeping overhaul of the board at online travel group Tripadvisor, according to a report by the Wall Street Journal citing unnamed people familiar with the matter
