Latest News
Hedge fund Irenic Capital Management has built a roughly 2% stake in precision technology company Ralliant (RAL.N) and is urging the firm to implement cost reductions, accelerate share buybacks, and focus more on its defense and electronics business, according to a report by Reuters.
Japan’s largest business lobby, Keidanren, has postponed a private meeting with activist hedge fund Elliott Investment Management that had been scheduled for 5 March, according to a report by Reuters citing a lobby official.
Hedge fund clients of Citigroup sold the US dollar around last week’s US Supreme Court ruling that struck down President Donald Trump’s sweeping tariff measures, according to a report by Reuters citing a note from the bank.
Schonfeld Strategic Advisors is launching a second equities unit, Triwood Asset Management, to focus on long-short stock picking across Asia-Pacific markets, the New York-based multi-strategy hedge fund confirmed in an internal memo, according to a report by Bloomberg.
Hedge funds edged back into technology stocks last week after several weeks of aggressive selling with buying focused on large cap tech names, according to a report by Reuters citing a recent client note from the prime brokerage division at JPMorgan.
Standard Chartered has partnered with Seviora Capital to launch a new multi-manager hedge fund vehicle – Select Seviora Titans Absolute Return fund – under its Variable Capital Company (VCC) platform, according to a report byFinTech News.
Commodity-focused hedge fund Farrer Capital Management is seeking to raise up to $400m for a new agriculture strategy, as specialist managers look to capitalise on renewed investor interest in commodities despite a cooling in returns, according to a report by Bloomberg.
South Korea has secured a partial victory in a legal challenge to a long-running arbitration ruling stemming from the 2015 Samsung merger dispute with US hedge fund Elliott, after the High Court in London overturned part of a $100m-plus arbitral award, according to a report by Reuters.
CME Group Inc is moving closer to adopting crypto’s always-on trading model, announcing plans to allow futures and options on digital assets to trade nearly 24 hours a day later this year, according to a report by Bloomberg.
Broadridge Financial Solutions has appointed Frank Troise as President, Global Capital Markets, effective immediately. He will report to Tom Carey, President, Global Technology & Operations at Broadridge, and join Broadridge’s Executive Leadership Team.
Special Reports
FeatureD
- Insight
