Managers
Fort Lauderdale-based hedge fund HoldCo Asset Management is threatening a proxy battle at Columbia Bank unless management agrees to shareholder-friendly actions, marking the latest escalation in the fund’s campaign against underperforming US regional banks.
Hedge funds are fuelling a booming market in Europe for trading debt that has yet to be issued, as distressed restructurings create new speculative opportunities in private credit, according to a report by the Financial Times.
Accounts for Mike Platt’s hedge fund-turned-family office BlueCrest Capital Management LLP reveal a significant rise in partner remuneration following a year of strong performance, according to a report by eFinancial Careers.
Nelson Peltz’s activist hedge fund Trian Partners and technology-focused investor General Catalyst have submitted a $7.2bn takeover proposal for London-based asset manager Janus Henderson, according to a report by Reuters.
Activist hedge fund Donerail Group is pushing US boat retailer and marina operator MarineMax to consider strategic alternatives – including a potential sale or a change in leadership – amid mounting frustration over performance and governance, according to a report by Reuters.
The Bank of England will accelerate the release of minutes from its new quarterly meetings with major banks and hedge funds, following concerns that participants could gain privileged insight into monetary policy thinking, according to a report by Bloomberg.
Hedge funds have raised their exposure to artificial intelligence-linked technology hardware to the highest level since Goldman Sachs began tracking the data in 2016, according to a report by Bloomberg citing a client note from the bank.
Hedge funds were wrong-footed by last week’s oil rally after building record short positions in Brent crude just before fresh US sanctions on Russian energy giants sent prices soaring, according to a report by Bloomberg citing data from ICE Futures Europe.
Bill Ackman’s Pershing Square Holdings Ltd has returned to the US investment-grade market for the first time since 2021, raising $500m through a new seven-year dollar bond issued on Thursday, according to a report by Bloomberg.
Short sellers across Europe took a hit on Thursday as several of the region’s most heavily shorted stocks — including Kering SA, Volvo Car AB, Rentokil Initial Plc, Metso Oyj, and Nokia Oyj — surged sharply following better-than-expected quarterly results, according to a report by Bloomberg.
