Managers
One year after its much-hyped launch with $5.3bn in capital commitments – short of its original $8bn–$10bn target, but still the largest hedge fund debut since 2018 – Bobby Jain’s hedge fund Jain Global has lagged the performance of its significantly larger, more established, and fully deployed rivals, according to a report by the Financial Times.
Hedge fund creditors, including VR Capital, are holding firm against a proposed second restructuring of Ukrainian Railways’ international bonds, demanding tariff reforms before agreeing to any new deal, according to a report by Bloomberg.
Qube Research & Technologies, the $30bn quant-driven multi-strategy hedge fund, is preparing to open its first US office in Houston, marking a major geographic expansion as it targets the booming commodities space, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has built a significant stake in Global Payments, just weeks after the fintech giant announced its $24.3bn acquisition of Worldpay, according to a report by the Financial Times citing an unnamed source familiar with the matter.
Hedge fund pressure is reshaping Kenvue Inc, with the consumer health giant announcing the ouster of CEO Thibaut Mongon and the launch of a broad strategic review – a clear win for activist investors Starboard Value, TOMS Capital, and Third Point.
Despite bitcoin recently surging past $122,000, Charles Edwards, founder and CEO of digital assets hedge fund Capriole Investment, believes the digital asset’s rally is only in its early innings, according to a report by NewsBTC.
Hedge funds offloaded financial stocks for the second consecutive week last week while aggressively rotating into consumer staples, marking the largest sector pivot in nearly two years, according to a report by Reuters citing s note from Goldman Sachs’ prime brokerage unit.
The Seligman Tech Spectrum Fund, run by veteran tech investor Paul Wick, is holding firm on its high-conviction short against Tesla, maintaining the electric-vehicle maker as its largest short position at 4% of fund capital, according to a report by Institutional Investor,
Hunterbrook Global – the hybrid hedge fund and investigative media outfit – has reached a $100m valuation following a fresh funding round, as it reveals plans to expand into litigation finance, according to a report by the Financial Times.
Discovery Capital Management, the macro hedge fund led by Tiger Cub Robert Citrone, has made a bold move into the media and entertainment space by acquiring a significant equity stake in AMC Entertainment, according to a report by Institutional investor.
