Latest News
Hedge fund flows into Asian markets surged to a five-year high last week, signalling a renewed appetite for the region as macro conditions and geopolitical developments drive capital rotation, according to a report by Bloomberg citing a new note from Goldman Sachs,
Citadel, the multi-strategy hedge fund led by Ken Griffin, has appointed seasoned oil and fuel trader Shai Barnea as a portfolio manager in its refined products business, according to a report by Reuters citing unnamed sources familiar with the matter.
Millennium Management, the $75bn multi-manager hedge fund led by Izzy Englander, is in discussions to sell a 10-15% minority stake in its management company in a deal that would value the business at around $14bn, according to a report by the Financial Times.
Michael Grad, the influential Global Head of Business Development at BlueCrest Capital Management, is set to depart the hedge fund-turned-family office founded by Michael Platt, according to a report by Business Insider citing several industry sources.
Tephra Digital, a crypto-focused hedge fund backed by Jefferies’ Leucadia Asset Management, posted an 11% gain in May, outpacing many of its peers as digital asset markets rallied sharply, according to a report by Financial News.
Activist hedge fund Palliser Capital has won a significant endorsement in its campaign to overhaul the board of Keisei Electric Railway, with proxy advisory giant Institutional Shareholder Services (ISS) recommending shareholders vote against six of the company’s board nominees, including CEO Toshiya Kobayashi, according to a report by Bloomberg.
Hedge funds targeting Japan are enjoying a surge in inflows as global allocators scramble to gain exposure to the world’s fourth-largest economy – one that is finally showing signs of sustainable inflation, improving corporate governance, and equity market outperformance, according to a report by Bloomberg.
Hedge funds sharply increased their long positions in crude oil futures in the week preceding Israel’s recent strikes on Iran’s nuclear infrastructure, putting them in prime position to capitalise on the ensuing surge in prices, according to a report by Bloomberg.
Activist hedge fund Barington Capital Group is preparing to launch a campaign against Victoria’s Secret & Co, seeking to overhaul the lingerie brand’s board of directors and dismantle a recently adopted shareholder rights plan, according to a report by Reuters.
Yves Blechner, a former portfolio manager at Man Group, is preparing to launch his own hedge fund, 44 Hill Capital Management, as he seeks to capitalise on opportunities across global high-yield and distressed credit markets, according to a report by Bloomberg.
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