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Asia hedge funds experienced a strong recovery in 2024, with many achieving double-digit gains, in a surge driven by a rebound in Chinese stocks, a record-breaking equity rally in Japan, and strategic trades across diverse markets, according to a report by Reuters.
Activist hedge fund Ananym Capital Management is preparing to launch a proxy fight at dental and medical distributor Henry Schein, aiming to nominate up to six directors to the company’s board, according to a report by Reuters.
Hedge funds have shifted their focus toward European consumer discretionary stocks, particularly luxury goods, while betting against companies exposed to potential US tariffs, according to a report by Reuters citing a Goldman Sachs note released this week.
RBC BlueBay Asset Management’s Emerging Market Credit Alpha Fund delivered a standout 21% return in 2024, significantly outpacing the 14% average for emerging-market (EM) debt hedge funds, according to a report by Bloomberg.
Former Millennium portfolio manager Robert Bonte-Friedheim is gearing up to launch a London-headquartered equity hedge fund, Scarlet Macaw Capital, that will begin trading during the second quarter of the year with $200m, according to a report by Financial News.
Activist investor Mantle Ridge has garnered sufficient backing from shareholders of Air Products and Chemicals to secure multiple seats on the company’s board of directors, according to a report by Reuters citing two sources familiar with the matter.
Lombard Odier Investment Managers (LOIM) has launched DOM Global Macro – a new liquid, diversified absolute-return UCITs strategy – as the firm continues to expand its Alternatives franchise for institutional and private clients.
In a bid to better streamline multi-asset post-trade processing and operational reporting, global fintech Broadridge Financial Solutions has added a GenAI-powered advanced analytics feature to its platform.
Seth Klarman’s Baupost Group, once a standout in the hedge fund world, has seen its clients withdraw approximately $7bn over the past three years as the firm grappled with underwhelming returns, according to a report by Bloomberg.
London-based institutional investment manager Fasanara Capital has launched its first tokenised Money Market Fund, the “Fasanara MMF Token” (“FAST”), held on the Polygon PoS public blockchain and developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO.
