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Hong Kong-based hedge fund Infini Capital Management has completed the purchase of additional shares in China Ruyi Holdings, narrowly avoiding a sizeable financial penalty linked to a delayed private placement, according to a report by Bloomberg.
Multi-strategy hedge fund major Citadel has taken a sizeable bearish position against shares of the Magnum Ice Cream Company, just weeks after the business was spun out of consumer goods group Unilever, according to a report by the Financial Times.
Bridgewater Associates is planning a significant expansion of employee equity ownership, with more than 60 per cent of staff set to hold stakes in the hedge fund from next year, following a standout performance year for its flagship macro strategy, according to a report by Reuters.
Point72 Asset Management is providing its largest-ever initial backing to a departing trader, veteran portfolio manager Alex Silverstein, as he spins out his health-care trading team to launch a new hedge fund, Sirenia Capital Management, according to a report by Bloomberg.
Citadel, the $72bn hedge fund led by Ken Griffin, is set to establish an office in Dubai next year, marking a significant expansion into the UAE and a boost for the city’s ambitions as a hedge fund hub, according to a report by Bloomberg.Citadel
BP chief executive Murray Auchincloss has stepped down with immediate effect after less than two years in the role, following pressure from US hedge fund Elliott Management, according to a report by This is Money. The FTSE 100 energy group confirmed on Thursday that Auchincloss would also leave the board.
US activist investor Corvex Management has taken a 6% stake in Whitbread and is urging the Premier Inn owner to conduct a strategic review, citing what it described as a disconnect between the group’s share price and the underlying value of its assets, according to a report by the Financial Times.
EquiLend, a financial technology, data, and analytics company for the securities finance industry, has made a strategic investment in Digital Prime Technologies, a US-regulated provider of institutional crypto financing and prime brokerage technology, to advance institutional tokenised-asset and digital-markets infrastructure.
Whitehaven Asset Management is set to return capital to investors and transition into a family office, according to a report by Bloomberg citing Managing Partner Scott Richman. The Greenwich, Connecticut-based firm, which focuses on municipal and corporate bonds, plans to wind down external capital during 2026, with the family office structure expected to be in place in 2027.
Pershing Square Holdings has agreed to invest up to $1bn in Howard Hughes Holdings to support its acquisition of specialty insurer Vantage Group Holdings, in a transaction valuing the business at approximately $2.1bn, according to a report by Bloomberg. The investment will be made through the purchase of non-voting preferred shares issued by Howard Hughes.
