Latest News
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.
Activist hedge fund Browning West has escalated pressure on Cooper Cos, urging the $14bn contact lens and women’s health products group to appoint four new directors or face a full proxy contest, according to a report by Reuters.
Macro specialist Capula Investment Management has added Point72 veteran rates trader Vinay Dhanuka to its London operation, as competition for top-tier portfolio managers intensifies across the hedge fund industry, according to a report by Financial News London.
Walleye Capital, the New York-headquartered multi-strategy hedge fund firm, has brought in former Eisler Capital Portfolio Manager Greg Bugaj while parting ways with Nomura alumnus Gunnar Tyler Henning, according to a report by eFinancial Careers.
Activist hedge fund Elliott Management has taken a significant position in Barrick Gold, making it one of the miner’s top ten shareholders with a holding likely worth over $1bn, according to a report by the Financial Times.
Electrical components manufacturer Atkore is weighing strategic alternatives – including a full sale of the business – after pressure from activist hedge fund Irenic Capital Management, according to a report by Bloomberg.
Y-Intercept, a Hong Kong-based quantitative manager backed by Schonfeld Strategic Advisors, has raised more than $1.7bn for its first fund open to external investors, marking one of the largest hedge fund capital raises in Asia in recent years, according to a report by Bloomberg.
