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The euro has started the year on a weak footing, and hedge funds are betting it could reach parity with the dollar – or fall even lower – in the coming months, according to a report by Bloomberg citing data from the Depository Trust and Clearing Corporation (DTCC).
The UK continues to be the most targeted country in Europe for investor activism, and the fourth worldwide, with 42% of all campaigns launched in Europe in 2024 targeting UK companies, according to Alvarez & Marsal’s latest A&M Activist Alert (AAA) Outlook.
Global hedge funds specialising in long-short stock trading achieved their highest average returns since 2020 last year, according to a report by Reuters citing a note sent to clients by Goldman Sachs attributing the gains to steady performance amidst volatile markets.
Marshall Wace, the hedge fund firm founded by GB News co-owner Paul Marshall, has seen a steep decline in profits, with newly filed accounts revealing a 64% drop in the year ending February 2024, from £538m to £192m, according to a report by the Daily Telegraph.
Multi-strategy hedge funds delivered impressive performance in 2024, with many, including Millennium Management, Citadel, and DE Shaw, achieving double-digit gains, making it a standout year for the industry, according to a report by Bloomberg.
Alfonso Peccatiello, a former investment head at ING Germany and now a prominent social media market commentator, is set to debut his new hedge fund, Palinuro Capital, on 13 January, according to a report by Financial News London.
Prominent short-seller Hindenburg Research has taken a short position against Carvana after accusing the online auto retailer of significant financial impropriety, alleging that the business model is unsustainable and its subprime loan portfolio poses major risks, according to a report by Bloomberg.
A record number of activist investors launched campaigns against global companies in 2024 reflecting growing momentum for shareholder activism and fuelling expectations of continued growth in 2025, according to a report by Reuters citing new research by Barclays.
Multi-strategy hedge fund major Citadel recently offered its investors the option to cash out profits following a 15.1% gain in its flagship Wellington fund in 2024, but most opted to leave their capital invested in the fund, according to a report by Bloomberg.
New York-based hedge fund major DE Shaw is planning to return billions of dollars to external clients after its flagship hedge funds delivered exceptional double-digit gains in 2024, according to a report by Bloomberg.
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