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Hedge funds including Silver Point Capital, Redwood Capital Management, and Monarch Alternative Capital, are in line for potentially significant gains following EchoStar Corp’s $17bn sale of wireless spectrum to Elon Musk’s SpaceX, according to a report by Bloomberg.
Hedge funds delivered another month of positive returns in August, lifted by surging equity markets in the US and Asia and strong performances in healthcare and technology stocks, according to a report by Reuters citing a recent client note from Goldman Sachs.
Activist hedge fund Elliott Investment Management has acquired a 4-5% stake in Japanese regional utility Kansai Electric Power Co, and is now targeting the company’s non-core assets to unlock shareholder value, according to a report by Bloomberg.
Hamza Lemssouguer’s Arini Capital Management has quickly become a dominant force in Europe’s distressed and high-yield credit markets, deploying billions into refinancing deals for some of the region’s most debt-laden corporates, according to a report by Bloomberg.
Hong Kong-based hedge fund Welwing Capital Group has hired Rikhil Agarwal, a rates trader from Morgan Stanley Singapore, to join its growing Dubai office, according to a report by eFinancial Careers citing unnamed people familiar with the matter.
Private investment giant Blackstone, the world’s largest hedge fund investor, has committed $250m to Covara Capital, a newly launched opportunistic long-short credit fund founded by former Fir Tree Partners portfolio manager Sachin Gupta, according to a report by Reuters.
Former King Street Capital partner Paul Goldschmid is preparing to roll out one of 2025’s largest hedge fund launches, with his new credit-focused firm Harvey Capital Partners expected to debut in Q4 with more than $1bn under management, according to a report by Bloomberg.
Digital asset investment products shed $352m last week, with trading volumes down 27%, though YTD inflows remain strong at $35.2bn, as weak payrolls failed to bolster sentiment, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
JPMorgan is set to part ways with Sean George, the high-yield trader it hired from Millennium Management in 2023. Details surrounding his departure remain unclear, including whether it was voluntary or a bank-led decision, according to a report by eFinancial Careers.
Hedge funds have ramped up short bets against Kering to their highest levels in more than a decade, adding to the challenges facing incoming chief executive Luca de Meo as he looks to turn around the French luxury group, according to a report by Reuters.
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