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Hedge funds posted average returns of 1.3% in September, with managers in Europe, Asia and the Middle East generally outperforming their North American peers, according to a report by Reuters citing a JPMorgan client note.
Paul Singer’s Elliott Investment Management has intensified its legal battle with Texas private equity firm Stronghold Investment Management, alleging the firm overcharged expenses and refused to liquidate two oil and gas-focused fund pools, accoring to a report by Bloomberg.
US hedge fund Davidson Kempner Capital Management LP has purchased approximately $1.4bn in non-performing loans from Abu Dhabi Commercial Bank PJSC, its second major distressed debt transaction with the lender, according to a report by Bloomberg.
Hedge fund Eisler Capital is rumoured to be considering the sale of some of its technology and assets as it winds down investments before the end of 2025, according to a report by eFinancial Careers citing unnamed market sources in London and the US.
Calamos and Aksia have expanded their AC Private Markets partnership with the launch of the Calamos Aksia Hedged Strategies Fund providing providing with access to a diversified portfolio of hedge fund managers in a single actively managed vehicle.
Global multi-strategy investment firm Arena Investors LP is set to close its Singapore office, reallocating resources to other regions, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hedge fund managers including Epic Partners and K2 Asset Management are actively positioning to profit from Japan’s closely contested leadership race, with strategies spanning equity sales, yen trades, and selective risk reduction, according to a report by Bloomberg.
Denmark’s tax authority SKAT has lost its $1.9bn London lawsuit against hedge fund manager Sanjay Shah and his defunct firm Solo Capital, marking a major setback in its long-running effort to recover losses tied to cum-ex dividend tax schemes, according to a report by Reuters.
Bridgewater Associates’ flagship macro fund Pure Alpha delivered an 8.1% gain in the third quarter, outperforming the S&P 500 and other major US indexes, according to a report by Reuters citing an unnamed person familiar with the matter.
Hudson Bay Capital Management has secured the dismissal of a lawsuit brought by the former Bed Bath & Beyond Inc (Bed Bath), which alleged the multi-strategy hedge fund firm improperly profited from the retailer’s decline, according to a report by Bloomberg.
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