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New York-based hedge fund Millennium Management has built a short position worth £35m in Metlen Energy & Metals, just two months after the Greek metals and energy group debuted on the London Stock Exchange and entered the FTSE 100, according to a report by the Financial Times.
Vinci Compass has agreed to acquire a majority stake in Verde Asset Management, one of Latin America’s oldest and most prominent hedge fund managers, in a cash-and-stock transaction that deepens its presence in Brazil’s asset management market, according to a report by Reuters.
WorldQuant’s flagship International Quant Championship drew a record 80,000 university entrants this year, double last year’s total, as advances in artificial intelligence lower barriers for students building quantitative trading models, according to a report by Reuters.
Dan Loeb’s Third Point has bolstered its private credit capabilities with the recruitment of three senior professionals from Apogem Capital, marking the hedge fund’s latest move into direct lending, according to a report by Bloomberg.
Temple Capital, a fully systematic digital asset hedge fund manager with AUM of approximately $125m, has strengthened it team with the appointments of Valerie Schaber as Director and Martin Boczek as Head of Capital Formation.
Hedge funds targeting California wildfire insurance claims are facing new obstacles after the state passed legislation restricting trades in subrogation claims, according a report by Bloomberg citing unnamed sources.
Hedge fund manager Steve Cohen’s Point72 Private Investments has led a $65m Series B funding round in Australian AI health startup Heidi, valuing the company at $465m, according to a report by Bloomberg, citing unnamed sources.
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.
