Managers
Daniel Loeb’s hedge fund Third Point is preparing to launch a new activist campaign against real estate data provider CoStar Group, marking the firm’s first major public activism push in nearly three years, according to a report by Reuters.
Verition Fund Management has shut down a trading team led by former Goldman Sachs executives Sina Lashgari and Jon Paul, following a period of underperformance, according to a report by Bloomberg citing unnamed people familiar with the matter.
Bridgewater Associates has warned that rising government spending and near-term inflation pressures linked to AI are creating an increasingly challenging outlook for global bond markets, prompting the hedge fund to favour equities over fixed income, according to a report by Bloomberg.
Shares in BH Macro Limited closed sharply higher in trading late on Monday following an announcement from its investment manager, Brevan Howard, regarding a new private fund launch, according to a report by Quoted Data.
Hedge funds are re-engaging with the popular swap spread widener trade, which bets that Treasuries will outperform swaps of the same maturity, as the gap between US Treasury yields and interest-rate swap rates continues to expand, according to a report by Bloomberg.
Elliott Investment Management and British housing entrepreneur Jeff Fairburn, partners in Avant Homes Group, are pursuing legal action against Lloyds Banking Group over who should bear the cost of cladding remediation on properties that fail to meet updated fire-safety regulations.
Shares in GCP Infrastructure rose on Thursday after Saba Capital, the activist hedge fund firm led by Boaz Weinstein, disclosed a stake of more than 5% in the UK-listed investment company, according to a report by Quoted Data.
Quantitative investment teams are placing increasing emphasis on sector- and industry-specific datasets as artificial intelligence becomes more deeply embedded in research workflows, according to a new survey conducted by Bloomberg.
Mala Gaonkar’s hedge fund SurgoCap Partners has grown assets to approximately $6bn, just three years after beginning trading – marking one of the fastest-scaling hedge fund launches in recent years, according to a report by Bloomberg.
Hedge funds increased bullish bets on gold to their highest level in four months last week, as geopolitical and policy uncertainty continued to drive investor demand for hard assets, according to data analysis by Bloomberg news.
