Managers
Hedge funds and institutional investors are continuing their legal challenge to 3G Capital’s $9.4bn acquisition of Skechers USA Inc, after early settlement talks over the value of the footwear maker fell through, according to a report by Bloomberg.
Trend-following hedge funds may trigger significant equity selling in the coming week after the S&P 500 fell below a key technical threshold, according to a report by Bloomberg citing a recent client note from Goldman Sachs.
London-based event-driven hedge fund Davide Leone & Partners has increased its stake in SES SA, now holding over 5% of the Luxembourg-based satellite company, as it positions for long-term upside from SES’s strategic shift into defence, according to a report by Bloomberg.
Activist hedge fund Browning West has escalated pressure on Cooper Cos, urging the $14bn contact lens and women’s health products group to appoint four new directors or face a full proxy contest, according to a report by Reuters.
Activist hedge fund Elliott Management has taken a significant position in Barrick Gold, making it one of the miner’s top ten shareholders with a holding likely worth over $1bn, according to a report by the Financial Times.
Electrical components manufacturer Atkore is weighing strategic alternatives – including a full sale of the business – after pressure from activist hedge fund Irenic Capital Management, according to a report by Bloomberg.
Y-Intercept, a Hong Kong-based quantitative manager backed by Schonfeld Strategic Advisors, has raised more than $1.7bn for its first fund open to external investors, marking one of the largest hedge fund capital raises in Asia in recent years, according to a report by Bloomberg.
Michael Burry, the investor made famous by The Big Short, says he continues to trade actively despite deregistering his hedge fund firm, Scion Asset Management, with the SEC earlier this month, according to a report by Bloomberg.
Hedge funds with sizeable exposure to Argentina, including Redwood Capital Management, booked standout gains in October after a sweeping US rescue package and a strong midterm performance for President Javier Milei’s party triggered a powerful rally across the country’s assets, according to a report by Bloomberg.
Klarna has struck a two-year forward-flow agreement with Elliott Investment Management that will see Elliott funds purchase as much as $6.5bn of the fintech’s longer-duration US consumer loans, according to a report by Bloomberg.
