Managers
Millennium Management has withdrawn its $1bn allocation from Scopia Capital Management, just over a year after committing the capital to the equity long-short hedge fund, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Palliser Capital (UK) Ltd says South Korean investors are becoming increasingly receptive to foreign-led shareholder activism, with local stakeholders showing more willingness to challenge management at family-controlled conglomerates, according to a report by Reuters.
Oaktree Capital Management is preparing to acquire control of a US life insurer as part of a restructuring linked to the collapse of Miami-based investment firm 777 Partners, according to a report by the Financial Times.
Davidson Kempner Capital Management has warned that financial stress across the private capital industry is deeper than many on Wall Street recognise, with a “substantial portion” of private equity firms already under pressure, according to a report by the Financial Times.
Infini Capital has confirmed that its business and investment operations “remain normal” following reports that Hong Kong authorities have launched an insider trading investigation involving multiple financial firms, accordoing to a report by Reuters.
Hedge funds and institutional investors are increasingly deploying complex derivatives strategies to navigate extreme cross-asset volatility triggered by the conflict involving Iran, according to a report by Bloomberg citing several market participants including Citigroup.
Ben Cohen has renewed his criticism of hedge fund influence over the ice-cream business following the appointment of a partner from activist Trian Fund Management to the board of Magnum Ice Cream Company, according to a report by The Times.
Sydney-based asset manager Regal Partners Ltd suffered a setback on Friday after shares in one of its portfolio companies, Immutep Ltd, collapsed following the discontinuation of a clinical trial for a lung cancer treatment, according to a report by Bloomberg.
Hedge funds are increasing bullish wagers on the Australian dollar as markets position ahead of the Reserve Bank of Australia’s (RBA) policy decision next week, according to a report by Bloomberg citing the latest CME data.
The Iran conflict has sent crude prices surging, split hedge fund performance and reignited the debate over commodities as a strategic allocation. Hedgeweek examines what the disruption means for the sector.
