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Hedge funds moved quickly to cover short positions on Friday which were undermined after a sharp rebound in US equities, according to a report by Bloomberg.
Bill Ackman is preparing a dual-offering structure through his firm Pershing Square Capital Management and a new closed-end investment vehicle, Pershing Square USA, according to a report by the Wall Street Journal citing sources familiar with the matter.
Verition Fund Management is expanding its energy trading platform in a year when many commodity specialists have struggled to generate returns hiring around 10 senior energy traders across London and Dubai over the past year, according to a report by Bloomberg.
The UK’s Serious Fraud Office (SFO) has launched its first major investigation into a cryptocurrency hedge fund, following the collapse of a $28m scheme, highlighting rising scrutiny on crypto-focused alternative investment vehicles, according to a report by Reuters.
Top Federal Reserve Governor Lisa Cook has sounded the alarm on the potential systemic risks posed by hedge funds in US Treasury markets, highlighting how crowded trades could amplify market instability during periods of stress, according to a report by the Financial Times.
Short-selling specialists Gotham City Research and General Industrial Partners (GIP) have disclosed a short position in Iron Mountain, adding the $22bn-plus REIT to a roster of companies the duo has previously targeted with high-profile forensic research, according to a report by Reuters.
Hedge funds and institutional investors are continuing their legal challenge to 3G Capital’s $9.4bn acquisition of Skechers USA Inc, after early settlement talks over the value of the footwear maker fell through, according to a report by Bloomberg.
Trend-following hedge funds may trigger significant equity selling in the coming week after the S&P 500 fell below a key technical threshold, according to a report by Bloomberg citing a recent client note from Goldman Sachs.
London-based event-driven hedge fund Davide Leone & Partners has increased its stake in SES SA, now holding over 5% of the Luxembourg-based satellite company, as it positions for long-term upside from SES’s strategic shift into defence, according to a report by Bloomberg.
Citadel Securities has launched two new AI-linked corporate bond baskets – one containing 10-year maturities and another holding 30-year debt issued by tech giants Microsoft, Amazon, Alphabet and Meta – according to a report by Bloomberg.
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