Managers
Elliott Investment Management’s campaign at Southwest Airlines is emerging as one of the more successful activist investments in the airline industry, with the carrier significantly outperforming both rival activist-backed JetBlue and the broader US equity market since the hedge fund disclosed its stake, according to a report by Bloomberg.
Jefferies’ Point Bonita Capital fund is facing renewed scrutiny after launching a review of its exposure to iron ore trader Radiant World, adding to the challenges surrounding a strategy that is already in the process of winding down following heavy investor redemptions, according to a report by Bloomberg.
Hedge funds increased their bullish positions in crude oil at the fastest pace since March, even as oil prices fell sharply on Monday after signs of renewed diplomatic efforts between the US and Iran eased concerns over global energy supplies, according to a report by Bloomberg.
South Korean equities fell sharply on Monday as investors took profits in semiconductor stocks following last week’s historic rally, with hedge funds and other leveraged investors reducing exposure after a period of extreme market volatility, according to a report by Bloomberg.
Citadel’s acquisition of a discounted equity portfolio from embattled AI-focused hedge fund Situational Awareness is the latest example of founder Ken Griffin capitalising on periods of market stress, reinforcing a strategy that has repeatedly generated returns during hedge fund dislocations, according to a report by Reuters.
The semiconductor trade that has dominated equity markets this year has entered a far more volatile phase, forcing hedge funds and institutional investors to reassess one of the market’s most crowded AI-driven themes, according to a report by Bloomberg
: Ken Griffin’s Citadel has acquired the majority of the public equity portfolio held by AI-focused hedge fund Situational Awareness, following a sharp reversal in technology stocks that forced the specialist manager to significantly reduce risk, according to a report by Reuters.
AI-focused hedge fund Situational Awareness explored selling stakes in privately held technology companies before agreeing to transfer most of its public equity portfolio to Citadel, according to a report by Bloomberg.
Senior Millennium Management portfolio manager Farzad Kassam is preparing to launch his own hedge fund next year, with backing from Izzy Englander’s multi-strategy investment firm in the latest example of established platforms seeding new managers, according to a report by Bloomberg.
Activist hedge fund Jana Partners has intensified its campaign at payments technology company Fiserv, urging the business to conduct a comprehensive review of its operations and portfolio while renewing calls for changes to the board, according to a report by Reuters.
