Latest News
Brevan Howard Asset Management has agreed to sell a minority stake to Abu Dhabi-based Lunate, alongside a $2bn capital commitment to a new investment platform in the emirate’s ADGM free-zone, according to a report by Bloomberg.
Fivespan Partners, the activist investment firm launched last year by Dylan Haggart and Sarah Coyne, has disclosed a new stake in The New York Times Company and is urging the publisher to embrace artificial intelligence as a catalyst for growth, according to a report by Bloomberg.
Hedge fund Windward Management has launched an activist campaign at Canadian movie theatre chain Cineplex Inc, urging the company to pursue aggressive share buybacks, divest non-core assets, and prepare for a potential outright sale, according to a report by Bloomberg.
Sainsbury’s has overtaken all other listed companies to become the most shorted stock in the UK, with hedge funds betting heavily against the supermarket amid mounting concerns over an industry-wide price war, according to a report by the Telegraph.
Hedge funds have pared back bullish bets on crude to their weakest level in 17 years, amid mounting concerns that supply will soon outstrip demand, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Joe Arcadi, a former Portfolio Manager in hedge fund Walleye’s now disbanded credit team in its Stamford, Connecticut office, has joined Bank of America in New York as a Macro Credit Trader, according to a report by eFinancial Careers citing a LinkedIn post.
Bobby Jain’s $5.3bn hedge fund Jain Global has hired Gregoire Thomas, a former Millennium Management portfolio manager, as a Portfolio Manager in Hong Kong as it continues to scale its global platform, according to a report by Financial News.
An affiliate of Elliott Investment Management has emerged as the frontrunner in the high-stakes auction of Citgo Petroleum’s parent company, PDV Holding, after submitting an improved offer that now tops a rival $7.4bn bid from Gold Reserve’s Dalinar Energy, according to a report by Reuters.
Hedge fund Emmett Investment Management is preparing for a potential boardroom battle at Whitestone REIT and is considering nominating directors to the shopping centre operator’s six-member board, according to a report by Reuters.
Ken Griffin’s $68bn hedge fund firm Citadel is pushing deeper into Asia-Pacific commodities markets with the launch of an Australian trading desk, anchored by the hire of Keith Handbury, a senior trader from Shell, according to a report by Bloomberg.
