Managers
Carronade Capital Management, an activist hedge fund led by Elliott Management alum Dan Gropper, is pressing satellite broadband provider Viasat to split off its defence business in a move it claims could unlock up to $11bn in shareholder value, according to a report by the Financial Times.
Ray Dalio, the billionaire founder of Bridgewater Associates, has officially exited the hedge fund he launched nearly five decades ago, selling his remaining ownership stake back to the firm, according to a report by the Wall Street Journal citing a letter sent to investors.
Rokos Capital Management, the $22bn macro hedge fund founded by Chris Rokos, is preparing to raise management and performance fees for clients — a move that underscores the intensifying cost pressures in an industry increasingly shaped by a bidding war for talent, according to a report by Bloomberg.
Third Point, the activist hedge fund led by billionaire investor Daniel Loeb, unveiled a series of fresh equity positions in the second quarter – Rocket Companies, Informa, and Casey’s General Stores – according to a report by Reuters citing a recent investor letter.
Tyrus Capital, the hedge fund led by veteran investor Tony Chedraoui, is closing its London office and relocating its headquarters to Abu Dhabi, becoming the latest asset manager to shift operations to the Middle East, according to a report by Bloomberg.
Ancora Holdings Group has disclosed itself as a “growing shareholder” in US rail operator CSX Corp signalling potential activist pressure as the North American rail sector enters a new phase of consolidation, according to a report by Bloomberg.
Short sellers are aggressively targeting the Hong Kong-listed shares of Contemporary Amperex Technology Co Ltd (CATL), per data from S&P Global Markets Intelligence, despite a sharp rally and surging borrowing costs, according to a report by Bloomberg.
Man Group, the world’s largest publicly listed hedge fund firm, posted record assets under management (AUM) of $193.3bn at the end of June, buoyed by its strongest-ever quarterly inflows, even as some of its core alternative strategies underperformed, according to a report by Bloomberg.
South Korea has paid US hedge fund Mason Capital Management KRW74.6bn (approximately $54m), following a ruling by the Permanent Court of Arbitration (PCA) in a high-profile investor-state dispute settlement (ISDS) case linked to Samsung’s 2015 merger, according to a report by Yonhap.
Robert Gagliardi, a former trader at Evolution Capital Management, is suing the hedge fund for breach of contract after allegedly being denied a $7.5m discretionary bonus, despite claiming he was responsible for 97% of the fund’s revenues during his 11-month tenure, according to a report by the Financial Times.
