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Promeritum Investment Management, a hedge fund that has reaped over 30% returns from distressed emerging market (EM) dollar bonds, is shifting focus, with Co-Founder Paval Mamai believing that the trade has run its course after a two-year streak of gains, according to a report by Bloomberg.Â
Despite a turbulent start to the year marked by geopolitical uncertainty and market volatility, major hedge funds posted positive returns in January, with multi-strategy firms including Walleye Capital and Balyasny Asset Management proving particularly resilient, according to a report by Bloomberg.
Activist hedge fund Starboard Value has taken a stake in Becton Dickinson and is pushing the $72bn medical technology company to sell or spin off its life sciences division, according to a report by Reuters citing unnamed sources familiar with the matter.
Bill Ackman, the founder of hedge fund Pershing Square Capital Management, is to relocate his management company from Delaware to Nevada following the footsteps of other prominent companies including Dropbox and SpaceX, according to a report by Business Insider.
Northern Trust Asset Management (NTAM), a global investment management firm with $1.3tn in assets under management as of 31 December, 2024, has announced a major expansion of its global quantitative investment strategies team.
David Einhorn’s Greenlight Capital started 2025 on a strong note, delivering a 4% gain in January, a return that saw the form outpace both the S&P 500’s 2.7% rise and the Nasdaq Composite’s 1.6% increase, according to a report by Institutional Investor.
ExtractAlpha, a provider of alternative data and analytics solutions to hedge funds and other asset managers, has acquired ESG Analytics, a platform offering real-time, actionable insights into environmental, social, and governance metrics.
Saba Capital has suffered further blows in its ongoing effort to shake up Britain’s £269bn investment trust sector, as shareholders in two more trusts rejected the US activist hedge fund firm’s board proposals on Monday, according to a report by Reuters.
Hedge funds aggressively sold off US equities for a fifth consecutive week last week, anticipating market turbulence ahead of President Donald Trump’s new tariff measures, according to a report by Bloomberg citing data from Goldman Sachs’ prime brokerage unit.
Guenther Klar, a former trader at Solo Capital Management who was convicted for his role in the massive Cum-Ex trading scandal, which defrauded Denmark of DKR12.7bn ($1.8bn), has had his prison sentence reduced by a Danish appeals court, according to a report by Bloomberg.
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