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Medtronic plc has announced key board appointments and governance initiatives designed to advance strategic priorities and enhance shareholder value, following “constructive engagement” with activist hedge fund firm Elliott Management.
UK hedge fund Marshall Wace slashed its position in Chinese EV maker Nio by nearly 75% in the second quarter, selling more than 4.3m shares and ending June with under 1.5m shares, according to the firm’s latest 13F filing.
Hedge funds loaded up on US equities at the fastest pace in nearly two months last week, positioning portfolios for an expected Federal Reserve rate cut in September, according to a report by Reuters citing a client note from Goldman Sachs.
Activist hedge fund ValueAct Holdings reshaped its portfolio in Q2, trimming exposure to some of its high-profile holdings inclined meta Platforms and Disney, while leaning into new positions, according to a report by Seeking alpha citing the firm’s latest 13F filing.
Hedge funds boosted exposure to US technology companies in the second quarter of the year, with Microsoft and Netflix among the biggest winners from the latest round of 13F filings, according to a report by Bloomberg.
Digital asset investment products saw $3.75bn inflows last week, the fourth-largest weekly total on record, driving AuM to an all-time high of $244bn, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Qin Xiao, the former Co-Head of Goldman Sachs’ global commodities trading unit, has raised around $1bn from Millennium Management to seed his new hedge fund, Nexus Commodities Capital Management, according to a report by Bloomberg.
Tiger Global Management gained 2.8% in July, bringing year-to-date returns to 7.5%, but still lags behind several fellow “Tiger Cub” hedge funds, according to a report by Bloomberg citing unnamed people familiar with the numbers.
Federal prosecutors in New York have charged former Jefferies hedge fund manager Jordan Chirico with fraud over the alleged misuse of almost $100m in fund assets tied to a now-bankrupt water-vending machine business, according to a report by Bloomberg.
Tiger Cub hedge fund Coatue Management, led by Philippe Laffont, built a major new stake in Oracle worth more than $843m, while expanding positions in leading AI names during Q2, according to a report by CNBC citing the firm’s latest 13F filing.
