Managers
Activist investor Barington Capital Group has disclosed an investment in healthcare services provider Chemed Corp and is advocating for changes at the board level, arguing the company has the resources and operational potential to deliver stronger performance, according to a report by Bloomberg.
Citadel is preparing to launch a new programme that will pay external hedge funds for investment insights, broadening its efforts to source trading signals that can be incorporated into its quantitative investment strategies, according to a report by Bloomberg.
The majority of investors labelled as activists participate in only a handful of campaigns, while a small group of highly active firms generates the strongest outcomes for shareholders, according to a report by the Financial Times citing new research from JPMorgan.
An Ontario court has approved the distribution of assets recovered from the receivership of defunct hedge fund manager Traynor Ridge Capital Inc, while dismissing a multimillion-dollar damages claim brought by an energy company, according to a report by Investment Executive.
Segantii Capital Management founder Simon Sadler told a Hong Kong court that he was under significant personal and professional strain in 2017, the year central to allegations that the hedge fund traded on material non-public information in connection with Esprit Holdings shares, according to a report by Bloomberg.
Hedge funds stepped up purchases of US equities last week at the strongest pace seen in six months, according to a report by Bloomberg citing data from Goldman Sachs’ prime brokerage division, signalling a renewed willingness among managers to add risk as US markets continue to rally.
Arrowpoint Investment Partners is scaling up its multi-strategy hedge fund platform, adding new trading teams and preparing to raise assets toward a $2.5bn–$3bn target in the second half of the year, according to a report by Bloomberg citing unnamed people familiar with the matter.
Elliott Investment Management has taken a significant position in Northern Star Resources and is calling on the Australian gold producer to undertake a broad strategic review, including consideration of a potential sale of the company, according to a report by the Financial Times.
Activist investor Toms Capital Investment Management has called on Voya Financial to evaluate a range of strategic options, including a potential sale of the company, arguing that the insurer and asset manager continues to trade below the valuation levels of comparable firms, according to a report by Reuters.
Hedge fund J&J Asset Management has submitted proposals seeking the removal of most of South Korean aluminium products manufacturer Daeho AL’s current directors and auditors ahead of an upcoming shareholder meeting, according to a report by ChosunBiz.
