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Australian hedge fund Regal Partners has officially ended its takeover discussions with Platinum Asset Management after nearly two months of due diligence failed to result in an improved offer, according to a report by Bloomberg.
Polen Capital, a US-based investment management firm, announced on Monday that it has secured preliminary approval for a license to operate in Abu Dhabi Global Market (ADGM), the emirate’s financial centre, according to a report by Reuters.
Five9, a US-based call centre software provider, is reportedly close to a settlement with Anson Funds Management after sustained pressure from the hedge fund and other activist investors seeking changes to enhance its share price, according to a report by Reuters.
Multi-strategy hedge fund startup Arrowpoint Investment Partners has seen its assets under management (AUM) climb to $1.1bn, fuelled by a 3% return in November, marking its best monthly performance since launching in July, according to a report by Bloomberg.
Jane Street and Millennium Management have reached a settlement in a lawsuit involving allegations of trade secret theft following the departure of two traders from the proprietary trading firm to the multi-strategy hedge fund, according to a report by Reuters.
Activist investor Palliser Capital has intensified its campaign for mining giant Rio Tinto to unify its dual-listed structure in London and Sydney, advocating for the establishment of a single holding company based in Australia, according to a report by Alternatives Watch.
Monolith Management, a technology-focused hedge fund with $300m under management, has delivered an impressive 53% year-to-date return, riding gains in semiconductors, data centres, and a September rally in Chinese equities, according to a report by Reuters.
MFA has submitted a comment letter in response to the European Commission’s Consultation on the Functioning of the EU Securitisation Framework, encouraging the introduction of reforms aimed at improving “the appeal and competitiveness” of the markets.
A growing market for injecting fresh capital into aging energy assets owned by private equity firms through continuation funds has attracted major hedge funds, including Baupost Group and Elliott Investment Management, according to a report by Bloomberg.
Tech-focused hedge fund Whale Rock Capital Management plans to reopen its flagship fund in early 2025, seeking to raise between $200m and $300m in new capital, having significantly outperformed the broader market YTD with a 51% gain, according to a report by Reuters.
