Managers
Hedge funds have shifted to a net long position in wheat for the first time in nearly four years, reflecting growing confidence in higher prices amid geopolitical tensions and adverse weather conditions, according to a report by Bloomberg.
Scott Hoffman cited “ongoing governance challenges” as the reason for his resignation as co-CEO of $70bn hedge fund Two Sigma after less than two years in the role, according to a report by Bloomberg citing a 31 March regulatory filing.
Activist hedge fund Jana Partners has disclosed a 5.1% stake in Alkami Technology, signalling confidence that the Plano-based banking software provider’s shares are undervalued, according to a report by Reuters.
Trian Fund Management, the activist hedge fund firm led by Nelson Peltz, is planning to modernise Janus Henderson Group by leveraging artificial intelligence to streamline middle- and back-office operations, according to a report by Bloomberg.
Rokos Capital Management founder Chris Rokos has committed £190m to the University of Cambridge to fund the creation of a new school of government, marking the largest single donation ever made to a UK university, according to a report by the Financial Times.
Irenic Capital Management has taken an activist position in Snap Inc, urging the social media company to implement a series of strategic, operational and governance changes aimed at improving performance and shareholder value, according to a report by Bloomberg.
Paul Singer, founder of Elliott Management, has pushed back on claims of an escalating talent war in the hedge fund industry, arguing that current dynamics are being overstated, according to Business Insider.
Sona Asset Management has made two senior appointments to bolster its engagement with Japanese investors as part of the firm’s ongoing expansion in Asia, which includes an expected new office in Tokyo later this year.
Hedge funds are increasingly positioning for a potential rebound in the Japanese yen, as renewed intervention signals from policymakers drive activity in currency derivatives markets, according to a report by Bloomberg.
Hedge fund positioning in global equities is showing signs of capitulation, according to analysts at Goldman Sachs, with aggressive shorting activity and systematic selling potentially setting the stage for a sharp market rebound, according to a report by Bloomberg.
