Managers
Edge Funds | Singapore-based Vulpes Investment Management launched new investment funds in May, reviving strategies from a hedge fund that peaked at nearly $5bn before the 2008 financial crisis.
Hedge funds are increasingly approaching private equity firms to trade complex “deal-contingent” currency derivatives directly, threatening to sideline investment banks that have long dominated this niche market, according to a report by IFR.
Activist hedge fund Engine Capital has taken a roughly 3% stake in life-sciences company Avantor and is poised to press for significant changes, including the possibility of a sale, according to a report by the Wall Street Journal citing sources familiar with the matter.
UK regulators are sounding the alarm over a sharp rise in leveraged hedge fund positions in the gilt market, warning of potential systemic risks if trades unwind suddenly, according to a report by the Daily Telegraph.
Hedge funds are pivoting on energy trades, cutting long-standing bullish positions in oil stocks while easing off shorts in renewables, according to a report by Bloomberg citing new data from alternative investment analytics firm Hazeltree.
Hedge fund Two Seas Capital is preparing to launch a proxy battle to block CoreWeave’s planned all-stock acquisition of computing infrastructure provider Core Scientific, warning that the deal’s current structure “undervalues” the target and fails to protect its shareholders, according to a report by the Financial Times.
Lee Ainslie’s Maverick Capital is expanding for the first time in years, launching a semiconductor-focused vehicle and actively raising capital for its hedge funds – moves that mark a rare growth initiative for the $10bn firm founded over three decades ago, according to a report by Bloomberg.
Starboard Value, the activist US hedge fund firm founded by Jeff Smith and Mark Mitchell, has amassed a 9.3% stake in Rogers Corporation, signalling a renewed push to unlock value at the underperforming advanced materials company, according to a report by Reuters.
Proxy adviser Institutional Shareholder Services (ISS) has recommended that shareholders in Third Point Investors Limited (TPIL) vote against its proposed acquisition of Malibu Life Reinsurance SPC, according to a report by Reuters.
Capital Fund Management, the Paris-based quantitative hedge fund manager with over $19bn in AUM, is relocating its New York office as part of a significant push to expand its North American investment and fundraising operations, according to a reports.
