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Viridian Asset Management, the Hong Kong hedge fund firm founded by former Segantii Capital Management portfolio manager Pascal Guttieres, grew assets to $680m after attracting a new investor and generating strong returns during July’s market turmoil, according to a report by Bloomberg.
AI-focused hedge fund Situational Awareness has accumulated an 11.62% holding in Japanese electronics manufacturer Taiyo Yuden, sending the company’s shares higher as investors assess the fund’s latest position following a sharp selloff in technology stocks, according to a report by Bloomberg.
Activist investor Flashlight Capital Partners has lost a closely watched legal challenge against former directors of South Korean tobacco giant KT&G, in a case that tested the extent of board accountability over treasury shares, according to a report by Bloomberg.
Activist investor Erez Asset Management is intensifying its campaign at manufactured-housing real estate investment trust UMH Properties, urging the company to undertake a strategic review that could result in a sale, according to a report by Bloomberg.
The former chief financial officer of a Miami Beach-based hedge fund has pleaded guilty to securities fraud after admitting to stealing more than $3m from his employer over a four-year period, accorfing to a report by Bloomberg.
Trend-following hedge funds are carrying their largest-ever bearish exposure to global government bonds, increasing the potential for a sharp reversal if this week’s US inflation data weakens expectations for further Federal Reserve rate increases, according to a report by Bloomberg.
Blue Pool Capital, the investment firm backed by Alibaba chairman Joe Tsai, has raised $300m in the first close of a new vehicle targeting hedge fund strategies, as demand for alternative investments continues to attract wealthy investors and institutions.
Value Aligned Research Advisors, a hedge fund built around the artificial intelligence investment theme, suffered a 44% loss in July as a sharp selloff in AI-related stocks hit crowded positions across the sector, according to a report by Bloomberg.
Hedge funds and other investors are pushing back against a US Securities and Exchange Commission proposal that would allow public companies to report financial results every six months rather than every quarter, according to a report by Bloomberg.
US natural gas prices jumped on Monday as changing weather forecasts prompted hedge funds to unwind bearish positions, with money managers having built their largest net-short exposure to the commodity in years, according to a report by Bloomberg.
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