Managers
Hedge funds are sharply increasing their bearish bets against US small-cap stocks following a strong rebound in the sector, as mounting economic uncertainty and higher-for-longer interest rates weigh on sentiment, according to a report by Bloomberg.
BP has appointed Albert Manifold as its new chairman, marking a pivotal leadership shift as the energy giant responds to pressure from activist hedge fund Elliott Investment Management to enhance shareholder value and reset strategic direction, according to a report by Bloomberg.
Global hedge funds are preparing for potential market turbulence as speculation mounts that Donald Trump may push Federal Reserve Chair Jerome Powell to leave office before his term ends in 2026, with managers favouring short-duration bonds, convertibles, and dollar shorts, according to a report by Reuters.
Hedge funds have net bearish on the Japanese yen for the first time in nearly four months, ahead of a Sunday’s upper house election, which saw Japan’s ruling coalition lose its majority, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Merger arbitrage hedge funds including Citadel Advisors, Adage Capital Management, and HBK Investments, are cashing in on one of the year’s most lucrative event-driven plays, as Chevron’s long-delayed $53bn acquisition of Hess Corp finally closed, according to a report by Bloomberg.
TOP STORY: Man Group has cut jobs and elevated long-time executive Greg Bond (pictured) to the newly created role of Chief Investment Officer, as CEO Robyn Grew pushes ahead with an overhaul of the firm’s leadership structure, according to a report by Bloomberg.
Elliott Investment Management, the $70bn activist hedge fund firm led by Paul Singer, is embroiled in a courtroom battle with Texas-based private equity firm Stronghold Investment Management over tens of millions in disputed fund expenses, according to a report by Bloomberg.
Hewlett Packard Enterprise has struck a boardroom truce with activist investor Elliott Investment Management, naming veteran tech executive Robert Calderoni to its board and establishing a new strategy committee he will chair, according to a report by Reuters.
A high-stakes legal battle has erupted between Walleye Capital and former volatility arbitrage head Geoff Tennican, highlighting the intensifying tensions hedge funds face when top talent exits to launch rival ventures, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund firm, is to acquire Bardin Hill, a New York-based private credit manager with approximately $3bn in AUM, in a move that strengthens the firm’s growing presence in the US and its alternative credit platform.
