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Hedge fund Situational Awareness, founded by former OpenAI researcher Leopold Aschenbrenner, is among a group of investors signalling interest in SK Hynix’s planned $28bn Nasdaq listing, according to a FT report.
Distressed debt investors are exploring potential exchanges of preferred securities issued by Strategy Inc. as the company’s prolonged share price decline creates opportunities across its capital structure, according to a Bloomberg report.
Saba Capital, led by Boaz Weinstein, has increased its stake in Workspace Group to 28.2% ahead of the company’s annual general meeting on 23 July, where the activist investor is seeking shareholder backing for its proposed board overhaul.
Hedge funds have increased bearish bets on the Japanese yen to their highest level since 2007 as the currency hovers near a four-decade low against the US dollar.
Graham Capital Management has announced the departure of chief executive Brian Douglas, with the firm promoting Jason Slutsky to chief operating officer as part of its senior leadership changes.
BlueCrest Capital Management founder Michael Platt has lost a UK tax tribunal appeal in a case brought by HM Revenue & Customs (HMRC) over the tax treatment of income received through offshore structures, according to a report by the Financial Times.
Large institutional investors are continuing to commit capital to private credit strategies despite heightened market volatility, underscoring sustained confidence in the asset class and its ability to generate attractive risk-adjusted returns.
Bobby Jain’s multistrategy hedge fund returned 3.2% in June, lifting year-to-date performance to 3.9% as the firm continued to build momentum in its second year of trading, according to a report by Bloomberg.Â
Balyasny Asset Management has appointed Alexander Dalsgaard as a power strategist in its Singapore office, strengthening the firm’s commodities investment platform as it continues to expand its presence in global energy markets.