Managers
Shares in Workday jumped nearly 9% on Wednesday after activist hedge fund Elliott Management disclosed a stake worth more than $2bn in the HR software provider, while publicly endorsing its leadership team, according to a report by Reuters.
Man Group, the world’s largest publicly listed hedge fund manager, has entered the US ETF market with the launch of its first standalone products — a move that brings hedge fund-style credit strategies to a broader investor base.
RBC BlueBay Asset Management has taken a long position in the Japanese yen, anticipating potential strength from a Bank of Japan rate hike and the upcoming Liberal Democratic Party leadership contest, according to a report by Bloomberg.
Buenos Aires province has reached a settlement with hedge funds Glacial Capital and TRSE Holdings over defaulted bonds, paying $106 million in cash and bonds after losing a New York court case in 2024, according to a report by Buenos Aires Herald.
Global quantitative hedge fund firm Qube Research & Technologies has begun charging some employees performance fees on their personal allocations to the firm’s funds, bringing them in line with external investors, according to a report by Bloomberg.
Hedge fund activists are intensifying their push into Japan, with investments on track to surpass last year’s record as corporate governance reforms and mounting pressure on companies to prioritise shareholder returns create fertile ground for investor engagement, according to a report by Bloomberg.
Hedge funds are showing renewed interest in China’s $19tn equity market, three years after many shunned it as “uninvestable,” drawn by tech opportunities and the chance to diversify beyond crowded US assets, according to anecdotal evidence supported by data from Morgan Stanley.
The court-supervised auction of Citgo Petroleum’s parent company has entered its final stages, with an affiliate of hedge fund Elliott Investment Management the front-runner to win control of the seventh-largest US oil refiner, according to a report by Reuters.
Macro hedge funds are ramping up bullish option positions on the Australian dollar after the currency rallied to its strongest levels against the US dollar since November, according to a report by Bloomberg citing trading data from the the Depository Trust & Clearing Corporation (DTCC).
Hedge funds including Citadel are emerging as some of the most aggressive tenants in the City of London’s office market, helping fuel a boom in leasing activity that has defied long-standing concerns about a post-Brexit financial exodus, according ton a report by the Wall Street Journal.
