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TOP STORY: Traditional long-short equity hedge funds posted their first quarter of net inflows since 2022 in the first three months of the year, attracting $22.8bn – the largest inflows across any hedge fund strategy, according to a report by Business insider citing new data from Nasdaq’s eVestment.
BMO Global Asset Management has launched a new hedge fund product in partnership with Goldman Sachs Asset Management, aimed at bringing high-conviction hedge fund strategies to accredited Canadian investors seeking low volatility, uncorrelated returns.
David Sokol’s Teton Capital has launched a launching an activist campaign aimed at shaking up the governance and cost structure at Atlantic Union Bank after quietly building a stake approaching 5% in the $4.4bn regional bank, according to a report by Bloomberg.
Elliott Investment Management has gone public with a rare activist campaign in Japan, urging Sumitomo Realty & Development to significantly improve shareholder returns and overhaul its governance practices – asserting the company is undervalued by at least 40%, according to a report by Bloomberg.
In an unusual career pivot, Eike Schick, a 37-year-old partner at Citadel in London, has stepped away from the high-stakes world of hedge fund trading to enrol as a student at King’s College London, according to a report by eFinancial Careers.
HSBC has strengthened its macro trading capabilities with the appointment of Joseph Mouwad as Head of CEEMEA Emerging Markets Rates Trading in London, marking a return to the City for the seasoned Portfolio Manager and Trader, according to a report by eFinancial Careers.
ExodusPoint Capital Management continues to deepen its presence in the Middle East with the recent relocation of Berhe Tesfayohannes to its Dubai office, marking another strategic shift in its global portfolio manager footprint, according to a report by eFinancial Careers.
Activist hedge fund Parvus Asset Management is building a stake in Novo Nordisk, according to a report from the Financial Times, as the Danish pharmaceutical giant faces increasing investor scrutiny over its positioning in the rapidly evolving weight-loss drug market.
A growing number of distressed French private equity portfolio companies – including EQT-owned care home group Colisée and lab operator Cerba – are attracting attention from hedge funds, according to a report by the Financial Times.
Boaz Weinstein, founder of activist hedge fund Saba Capital, has reaffirmed his commitment to the UK investment trust space, vowing to allocate billions more into what he sees as undervalued and mismanaged vehicles, according to a report by Bloomberg.
