Managers
New York-based hedge fund Millennium Management has built a short position worth £35m in Metlen Energy & Metals, just two months after the Greek metals and energy group debuted on the London Stock Exchange and entered the FTSE 100, according to a report by the Financial Times.
Vinci Compass has agreed to acquire a majority stake in Verde Asset Management, one of Latin America’s oldest and most prominent hedge fund managers, in a cash-and-stock transaction that deepens its presence in Brazil’s asset management market, according to a report by Reuters.
WorldQuant’s flagship International Quant Championship drew a record 80,000 university entrants this year, double last year’s total, as advances in artificial intelligence lower barriers for students building quantitative trading models, according to a report by Reuters.
Hedge funds targeting California wildfire insurance claims are facing new obstacles after the state passed legislation restricting trades in subrogation claims, according a report by Bloomberg citing unnamed sources.
Hedge fund manager Steve Cohen’s Point72 Private Investments has led a $65m Series B funding round in Australian AI health startup Heidi, valuing the company at $465m, according to a report by Bloomberg, citing unnamed sources.
Paul Singer’s Elliott Investment Management has intensified its legal battle with Texas private equity firm Stronghold Investment Management, alleging the firm overcharged expenses and refused to liquidate two oil and gas-focused fund pools, accoring to a report by Bloomberg.
US hedge fund Davidson Kempner Capital Management LP has purchased approximately $1.4bn in non-performing loans from Abu Dhabi Commercial Bank PJSC, its second major distressed debt transaction with the lender, according to a report by Bloomberg.
Hedge fund Eisler Capital is rumoured to be considering the sale of some of its technology and assets as it winds down investments before the end of 2025, according to a report by eFinancial Careers citing unnamed market sources in London and the US.
Global multi-strategy investment firm Arena Investors LP is set to close its Singapore office, reallocating resources to other regions, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hedge fund managers including Epic Partners and K2 Asset Management are actively positioning to profit from Japan’s closely contested leadership race, with strategies spanning equity sales, yen trades, and selective risk reduction, according to a report by Bloomberg.
