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Fidelity Prime Services has formed a strategic partnership with independent fund administrator Stone Coast Fund Services, to provide an all-inclusive hedge fund solution, combining prime brokerage, fund administration, and advanced fintech services.
Southwest Airlines has reached an agreement with Elliott Investment Management, avoiding a potentially disruptive proxy battle with the activist hedge fund, one of its largest shareholders, according to a report by the New York Times.
Several hedge funds, including Millennium Management and Athos Capital, have faced substantial losses following the unexpected collapse of a high-profile acquisition deal between two Chinese pharmaceutical companies, according to a report by Bloomberg.
Bankrupt hedge fund Weiss Multi-Strategy Advisers LLC and its top creditor, Jefferies Financial Group, are in discussions to potentially settle their ongoing litigation, which stems from the collapse of George Weiss’s eponymous hedge fund, according to a report by Bloomberg.
Hedge fund capital rose to a fourth consecutive quarterly record as the combination of election and geopolitical risks, which have dominated financial market performance throughout 2024, accelerated into Q4, according to data from HFR.
Sixteen months after being ousted over allegations of sexual misconduct, Crispin Odey has quietly rejoined what remains of the eponymous hedge fund firm he founded back in 1991, with nine other partners formally departing the business at the same time, according to a report by The Times.
An ex-hedge fund manager is to purchase part of the risk from an Inter-American Development Bank (IDB) Group loan portfolio in a rare balance-sheet exposure transfer that could serve as a model for multilateral lenders aiming to scale lending capacity, according to a report by Bloomberg.
Lone Pine Capital, the hedge fund founded by Stephen Mandel Jr, posted a solid performance in the third quarter, with its long-short fund, Lone Cypress, gaining 5%, bringing its year-to-date return to approximately 23%, according to a report by Institutional Investor.
Crypto hedge fund managers JellyC and Trovio Asset Management have merged in a strategic move aimed at attracting allocations from institutional investors, including pension funds, according to a report by Bloomberg.
Hedge fund Elliott Investment Management has urged a court not to delay its bid for Citgo Petroleum, arguing that the assets of the Venezuela-owned oil refiner are losing value and that creditors are unlikely to receive a better offer from other buyers.
