Managers
Toronto-based Picton Investments is doubling down on its artificial intelligence and tech innovation as part of a wider strategy to grow the business globally, according to a report by Bloomberg citing founder David Picton.
Pharo Management, a $7bn global macro hedge fund, is preparing to open an office in Abu Dhabi as it restructures operations for its Africa-focused investment team, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hedge fund flows into Asian markets surged to a five-year high last week, signalling a renewed appetite for the region as macro conditions and geopolitical developments drive capital rotation, according to a report by Bloomberg citing a new note from Goldman Sachs,
Millennium Management, the $75bn multi-manager hedge fund led by Izzy Englander, is in discussions to sell a 10-15% minority stake in its management company in a deal that would value the business at around $14bn, according to a report by the Financial Times.
Activist hedge fund Palliser Capital has won a significant endorsement in its campaign to overhaul the board of Keisei Electric Railway, with proxy advisory giant Institutional Shareholder Services (ISS) recommending shareholders vote against six of the company’s board nominees, including CEO Toshiya Kobayashi, according to a report by Bloomberg.
Hedge funds sharply increased their long positions in crude oil futures in the week preceding Israel’s recent strikes on Iran’s nuclear infrastructure, putting them in prime position to capitalise on the ensuing surge in prices, according to a report by Bloomberg.
Activist hedge fund Barington Capital Group is preparing to launch a campaign against Victoria’s Secret & Co, seeking to overhaul the lingerie brand’s board of directors and dismantle a recently adopted shareholder rights plan, according to a report by Reuters.
US-based hedge fund Farallon Capital Management is intensifying pressure on Japanese insurer T&D Holdings, urging the firm to divest cross-shareholdings and address what it calls a “concealment” of these holdings, according to a report by Nikkei Asia.
King Street Capital Management, the $28.5bn alternative investment firm, is seeking a license to operate in Saudi Arabia as investment firms increasingly target the kingdom’s deepening capital markets and vast economic transformation under Vision 2030, according to a report by Bloomberg.
Hudson Bay Capital Management, the $20bn multi-strategy hedge fund, is expanding its Gulf presence by opening a new office in Abu Dhabi, marking its second outpost in the United Arab Emirates following its Dubai launch in 2023, according to a report by Bloomberg.
