Managers
Activist ADW Capital has called on Driven Brands to launch an immediate strategic review, urging the automotive services group to consider a sale or break-up, according to a report by the Wall Street Journal.
Dubai and Abu Dhabi are receiving rare endorsements from several traditionally discreet hedge fund firms, including Millennium Management, as the Middle East conflict rattles the region’s financial landscape, according to a report by Bloomberg.
Victory Capital has withdrawn its $8.6bn bid for Janus Henderson, bringing an end to a drawn-out takeover battle and clearing the path for a rival deal led by hedge fund Trian Fund Management and General Catalyst, according to a report by Reuters.
Verition Fund Management is looking to extend its office lease in Dubai, underlining the emirate’s importance to the firm’s long-term strategy, despite an ongoing regional conflict now in its fourth week, according to a report by Bloomberg.
Multi-strategy major Millennium Management is assessing plans to expand its presence in Jersey as some employees look to relocate from Dubai amid ongoing geopolitical tensions in the Middle East, according to a report by the Financial Times.
Executives from hedge fund Kirkoswald Asset Management and hedge fund-turned family office BlueCrest are among a group of international investors visiting Caracas this week, as Venezuela signals a potential reopening to foreign capital, according to a report by Bloomberg.
Hedge fund founder George Weiss has lost a defamation lawsuit against Jefferies Financial Group, marking the latest development in a long-running dispute over a $100m debt tied to his firm, Weiss Multi-Strategy Advisers report Bloomberg.
Multi-strategy hedge funds that spent heavily to attract talent over the past several years may now be feeling the strain, as turbulent markets and early losses put some of those expensive hires under pressure, according to a report by eFinancial Careers.
Hedge funds and other investors are increasing exposure to Chinese renewable energy stocks as the oil price spike triggered by the Iran conflict reshapes global energy expectations and investment flows, according to a report by Reuters.
Hedge fund manager Fermat Capital Management is voicing strong opposition to a European proposal that could limit retail investors’ access to catastrophe bonds, as the firm and other managers coordinate a response to protect the $60bn market, according to a report by the Insurance Journal.
