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Investment professionals working in digital assets are increasingly concerned about the boom in bitcoin treasuries as more publicly-listed companies hold bitcoin as a reserve asset on their balance sheets, according to a poll by digital assets hedge fund Nickel Digital Asset Management.
Activist hedge fund Irenic Capital Management is seeking to attract private equity buyers for SSP Group, the London-listed operator of travel food outlets including Upper Crust, according to a report by the Financial Times.
Goldman Sachs-backed Petershill Partners Plc, which holds minority stakes in hedge funds and private equity firms, is to delist from the London Stock Exchange and return $921m to investors, valuing the company at $4.5bn, according to a report by Bloomberg.
Toronto-based hedge fund Waratah Capital Advisors is ramping up its exposure to gold equities as bullion hits record highs, viewing the rally as just beginning investing in mid-tier producers as well as early-stage developers, according to a report by Bloomberg.
Performance Food Group, a US food company with a product line covering everything from condiments to fresh fish, has reached a settlement with Sachem Head Capital Management, appointing the activist hedge fund’s founder Scott Ferguson to its board, according to a report by Reuters.
Boston-based hedge fund Verdad Advisers is preparing to launch a new Japan-focused equity fund targeting small-cap companies, continuing its strategy of exploiting capital inefficiencies in less-followed stocks, according to a report by Bloomberg.
Mark Spitznagel, the Founder and Chief Investment Officer of tail-risk hedge fund Universa Investments has cautioned that US equities could climb another 20% before a collapse rivalling the 1929 stock market crash, according to a report by Reuters.
Marshall Wace has taken legal action to prevent crypto data provider Lukka Inc from proceeding with a new financing round that the hedge fund says would disadvantage its investments, according to a report by Bloomberg.
Hedge fund veteran Ricky Mewani is leaving Citadel to join rival multi-stratgey firm Balyasny Asset Management following a $50m drawdown in his healthcare portfolio, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Hedge funds with short positions in Kingfisher, including AKO Capital, are facing significant paper losses after the UK home improvement group, which owns B&Q, raised profit guidance for the first half of the year, according to a report by the Financial Times.
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