Managers
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.
Third Point founder Dan Loeb has reiterated his bullish stance on major technology companies, saying artificial intelligence continues to make the sector one of the most compelling areas for capital allocation, according to a report by MarketWatch.
Hedge funds have turned bearish on US natural gas futures for the first time since 2024, reflecting growing expectations of ample domestic supply and softer demand conditions across key consumption channels, according to a report by Bloomberg citing data from the US Commodity Futures Trading Commission (CFTC)
A group of hedge funds, including AQR Capital Management, DE Shaw, Marshall Wace and Two Sigma Investments, have collectively established a significant short position against Flutter Entertainment, amounting to an estimated £640m on the London Stock Exchange, according to report by the Irish Times.
Activist hedge fund Toms Capital Investment Management has accumulated a significant position in McCormick & Co, as the US food manufacturer moves forward with its planned acquisition of Unilever’s food business, according to a report by Reuters citing unnamed people familiar with the matter.
Activist hedge fund Voss Capital is urging Sempra Energy to spin off its Texas electricity transmission business, Oncor, arguing that the move could unlock significant shareholder value and create one of the fastest-growing standalone utilities in the US, according to a report by Reuters.
