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Activist hedge fund firm Elliott Investment Management has clarified it has not made demands or initiated contact with German utility giant RWE AG regarding any potential investment, according to a report by Reuters.
Following Donald Trump’s election victory, a number of hedge funds, including BlueBay Asset Management, are pivoting their strategies toward US Treasuries, oil, technology stocks, and major US banks, according to a report by Reuters.
Pinestone Asset Management, which has been a rare success story in China’s struggling quantitative hedge fund sector, faces serious challenges following a US indictment accusing Co-Founder Xiao Zhang of trade secret theft, according to a report by Bloomberg.
The Tel Aviv Stock Exchange (TASE) has published a proposal to recognise hedge fund holdings in companies listed on the exchange as part of their free float calculations, aligning with international market practices, and is asking for comments on the plan.
In a year marked by steady gains, October proved exceptional for Schonfeld Strategic Advisors as the $11.6bn New York-based hedge fund continued its strong growth trajectory since opting out of a potential acquisition by rival Millennium a year ago, according to a report by Business Insider.
The rally in distressed emerging-market debt is expected to continue, with potential for further gains in countries like Argentina and Ukraine, according to a report by Bloomberg citing Sandglass Capital Advisors – a top-ranked hedge fund in the asset class.
AI-driven trading firm Quadrature Capital Limited has reported a steep 76% drop in pre-tax profits from £231m in 2023 to £56m in the year ending January 2024, due to a recent corporate restructuring, according to a report by the Financial Times.
Paul Goldschmid, a senior partner and longtime key player at King Street Capital Management, is set to depart from the $26bn hedge fund, where he has been instrumental in managing the firm’s credit-focussed funds, to start his own venture, according to a report by Bloomberg.
Hedge funds have historically performed better when a Democrat is in the White House, according to a report by Reuters citing data released on Tuesday by research firm Hedge Fund Research (HFR), as US voters headed to the polls.
Greenlight Capital began the fourth quarter with a positive start, posting a 1.9% gain in October, while the S&P 500 by comparison fell by 0.9%, and the Nasdaq Composite gained 1%, according to a report by Institutional Investor.
