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Norges Bank Investment Management (NBIM), which manages Norway’s $1.6tn sovereign wealth fund, is expanding its hedge fund programme by awarding new mandates to external long-short equity managers across Asia, Europe, and the US, according to a report by Top1000Funds.
Activist hedge fund HG Vora is pressing ahead with its proxy fight against US casino operator Penn Entertainment, aiming to secure shareholder support to elect all three of its proposed board nominees despite Penn’s move to seat only two.
Michael Fine, a credit-focused Portfolio Manager at Brevan Howard Asset Management, has exited the firm in recent weeks, according to a report by Bloomberg citing unnamed people familiar with the matter, as the macro hedge fund scales back risk amid heightened market volatility.
Casino operator Penn Entertainment has agreed to nominate two board candidates backed by activist hedge fund HG Vora, moving to stave off a potentially costly proxy battle, according to a report by Casino.org.
Balyasny Asset Management has tapped Joon Park, co-founder of shuttered stock-trading hedge fund Kodai Capital Management, as Chief Operating Officer of its long-short equities division, according to a report by Bloomberg.
With volatility roiling markets and a wave of portfolio manager exits sweeping through firms, hedge fund “super-recruiters,” or business development professionals, have become central to the industry’s future, according to a report by eFinancial Careers.
Daniel Loeb’s hedge fund, Third Point, is building a position in consumer healthcare company Kenvue, according to a report by the Financial Times citing sources familiar with the matter, adding fresh momentum to investor calls for strategic changes at the $44bn firm.
Bill Ackman the founder and Chef Executive Officer of hedge fund Pershing Square, believes China cannot afford a drawn-out tariff war with the US and is facing mounting pressure to strike a deal, according to a report by Bloomberg.
Himanshu Gulati, founder of credit-focused hedge fund Antara Capital, is set to join Marshall Wace, marking a high-profile departure amid ongoing challenges at his firm, according to a report by Bloomberg.
Chris Hansen’s Valiant Capital Management is riding a wave of volatility to strong returns, with bearish bets paying off handsomely in April as markets reeled from US President Donald Trump’s renewed tariff push, according to a report by the Wall Street Journal.
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