Managers
Gold Reserve has filed a motion to disqualify a rival offer from Elliott Investment Management affiliate Amber Energy in the high-profile court-led auction of PDV Holding, parent company of Venezuela’s US refining arm Citgo Petroleum, according to a report by Reuters.
Numerai, the San Francisco-based quantitative hedge fund backed by Paul Tudor Jones, has secured up to $500m from JPMorgan Asset Management – a commitment that will more than double the firm’s assets under management to nearly $1bn over the next year, according to a report by Bloomberg.
Global hedge funds are increasing exposure to Chinese equities, with August set to record the strongest monthly inflows since February, according to a report by Reuters citing a recent note from Morgan Stanley’s prime brokerage desk.
Hedge funds are betting heavily that calm will persist in US equities, with short positions in Cboe Volatility Index (VIX) futures climbing to levels not seen in nearly three years, according to a report by Bloomberg.
A hot arbitrage trade has propelled Chow Tai Fook Jewellery Group Ltd into the ranks of Hong Kong’s most heavily shorted stocks, with hedge funds piling in after the jeweller’s first major fundraising since its 2011 IPO, according to a report by Bloomberg.
Brevan Howard Asset Management has agreed to sell a minority stake to Abu Dhabi-based Lunate, alongside a $2bn capital commitment to a new investment platform in the emirate’s ADGM free-zone, according to a report by Bloomberg.
Fivespan Partners, the activist investment firm launched last year by Dylan Haggart and Sarah Coyne, has disclosed a new stake in The New York Times Company and is urging the publisher to embrace artificial intelligence as a catalyst for growth, according to a report by Bloomberg.
Hedge fund Windward Management has launched an activist campaign at Canadian movie theatre chain Cineplex Inc, urging the company to pursue aggressive share buybacks, divest non-core assets, and prepare for a potential outright sale, according to a report by Bloomberg.
Sainsbury’s has overtaken all other listed companies to become the most shorted stock in the UK, with hedge funds betting heavily against the supermarket amid mounting concerns over an industry-wide price war, according to a report by the Telegraph.
Hedge funds have pared back bullish bets on crude to their weakest level in 17 years, amid mounting concerns that supply will soon outstrip demand, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
