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Multi-manager hedge fund firm Cinctive Capital Management has seen the departure of several key figures, including its Deputy Chief Investment Officer Michale Haddad and Head of Macro Giles Coppel, according to a report by Bloomberg.
Asia-based hedge funds surged ahead of their global counterparts in the first three quarters of the year, buoyed by a strong rally in Chinese stocks last month, marking a reversal of three years of underperformance for the region’s funds, according to a report by Bloomberg.
Global hedge funds snapped up US technology stocks, including semiconductors and hardware, at their fastest rate in five months last week, as the third-quarter earnings season kicks off, according to a report by Goldman Sachs.
Governance, risk, and compliance (GRC) solutions provider, ACA Group (ACA), has acquired Effecta Compliance Group (Effecta), a regulatory consultancy practice that supports financial service firms throughout the United Kingdom and the United Arab Emirates.
Activist investment firm Elliott Investment Management has entered into discussions with Southwest Airlines aimed at reaching a settlement that would prevent a proxy fight over control of the airline’s board, according to a report by Bloomberg News.
Former Tribeca Investment Partners star hedge fund manager Jun Bei Liu has made the first key hire for her upcoming long-short fund, scheduled to launch next year, with the appointment of Jason Todd as Chief Executive Officer and Head of Distribution, according to a report by Bloomberg.
Third Point, the activist hedge fund firm founded by Daniel Loeb, acquired a new stake in Danish freight forwarder and logistics company DSV A/S during the third quarter, predicting “significant upside” for the company, according to a report by Reuters.
More than half of the Hong Kong-licensed employees who have left Segantii Capital Management since May have landed new roles at rival hedge funds including Jain Global and Qube Research & Technologies, as the firm grapples with insider trading allegations, according to a report by Bloomberg.
London-based activist hedge fund firm Palliser Capital has acquired over 1% of SK Square, the largest shareholder in AI chip maker SK Hynix, and is advocating for reforms aimed at increasing the company’s share value, according to a report by the Wall Street Journal.
Citadel employees have significantly increased their investment in the firm’s $45bn flagship hedge fund over the past four years, driven by strong returns and compensation lockups tied to performance, according to a report by Bloomberg.
