Latest 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.
One of Deutsche Bank’s top hedge fund salespeople, Ryan Bouchikhi, is set to leave the German lender for a hedge fund. While his new employer hasn’t been confirmed, a report by eFinancial Careers has suggested it could be Balyasny Asset Management.
Hedge fund redemptions ticked up in August, according to the latest SS&C GlobeOp Forward Redemption Indicator, which rose to 2.03% from 1.56% in July. The figure, however, remains below the 2.59% recorded in August 2024 and is in line with longer-term averages.
Once a popular short among hedge fund managers Elon Musk’s EV-manufacturer Tesla has reappeared on the list of their “VIP” stocks for the first time since 2022, according to a report by MorningStar citing new analysis from Goldman Sachs.
Hedge funds are increasing exposure to companies likely to benefit from a potential Ukraine peace deal, as optimism builds around US President Donald Trump’s efforts to broker an agreement with Vladimir Putin, according to a report by the Daily Telegraph, citing data from Morgan Stanley.
Event-driven investment firm Lykos Global Management has hired J Andrew McEntire, multi-=strategy hedge fund firm Point72 Asset Management’s long-standing global head of capital markets, as its new President, according to a report by Bloomberg.
A growing number of institutional investors, including Texas Teachers and Erlen Capital, are pushing back against the rising cost of investing in multi-strategy hedge funds, with concerns mounting over passthrough fees that erode net returns, according to a report by Bloomberg.
White Elk Partners, the hedge fund launched in 2023 by former Brevan Howard and BlueCrest portfolio manager Carl Radford, has opened a new office in Sydney as it expands its global footprint, according to a report by Financial News.
