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Altai Capital Management is preparing for a potential boardroom battle at OraSure Technologies after increasing its stake in the diagnostics company from 3% at the end of June to 5% in recent weeks, according to a report by Reuters.
Hedge funds are ramping up bullish wagers on the Japanese yen through options trades after Bank of Japan officials signalled they remain open to further rate hikes this year, despite political uncertainty in Tokyo, according to data from the CME Group.
Steve Cohen’s Point72 Asset Management has appointed Geoffrey Lauprete, former Chief Investment Officer of WorldQuant, as head of its systematic trading unit Cubist Systematic Strategies, according to a report by Bloomberg.
Financial technology specialist SimCorp – a subsidiary of Deutsche Börse Group – has formed a strategic partnership with Axyon AI, a fintech specialising in advanced predictive AI-driven solutions for asset managers, hedge funds and institutional investors.
VistaShares has launched a new exchange-traded fund designed to mirror the equity positions of Pershing Square Capital Management founder Bill Ackman, one of Wall Street’s most prominent activist investors, according to a report by Bloomberg.
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.
