Managers
Global hedge funds saw their largest weekly selloff in emerging Asia equities in more than five months last week, as investors trimmed positions ahead of the region’s major holiday season, according to a report by Reuters citing a Goldman Sachs client note.
Activist hedge fund Engine Capital has disclosed a roughly 3% stake in Acadia Healthcare, one of the largest US providers of mental health services, calling for a board refresh and a strategic review of the company’s assets, according to a report by the Financial Times.
David Einhorn, founder of hedge fund Greenlight Capital, has warned that the massive spending spree on artificial intelligence (AI) infrastructure could lead to significant capital destruction, even if the technology ultimately proves transformative, according to a report by Bloomberg.
Citadel, the global hedge fund and market-making firm, has leased office space atop Boston’s newly completed South Station Tower, marking a significant expansion in the city for the business, according to a report by Bloomberg.
Activist hedge fund manager Saba Capital is preparing to launch an actively managed ETF aimed at exploiting share price discounts in the UK’s £267bn closed-end fund sector, according to a report by Quoted Data.
Italian luxury group Brunello Cucinelli saw its shares tumble 17% on Thursday following allegations from London-based short seller Morpheus Research that the company misled investors about its operations in Russia, according to a report by the Financial Times.
Macro hedge fund Modular Asset Management is set to conclude its $600m separate account with Millennium Management by the end of the year by mutual consent, bringing to an end a partnership that began in early 2020 after Modular spun out from the multi-strat major.
Quant-focused hedge fund Qube, which has $34bn in assets under management, is set to go live with its first internal fundamental stock-picking team on 1 October, according to a report by Business Insider citing unnamed sources.
Activist hedge fund Irenic Capital Management is seeking to attract private equity buyers for SSP Group, the London-listed operator of travel food outlets including Upper Crust, according to a report by the Financial Times.
Goldman Sachs-backed Petershill Partners Plc, which holds minority stakes in hedge funds and private equity firms, is to delist from the London Stock Exchange and return $921m to investors, valuing the company at $4.5bn, according to a report by Bloomberg.
