Latest News
Bloomberg has added Apptopia as a key provider of mobile app intelligence on its Terminal, expanding the availability of alternative data signals used by institutional investors to track corporate performance and consumer behaviour in near real time.
Universal Music Group shares came under pressure after Bill Ackman’s Pershing Square Capital Management completed the sale of its remaining stake in the company, ending a multi-year investment that had previously included an unsuccessful takeover attempt, according to a report by the Wall Street Journal.
Interest in hedge fund careers continues to intensify, with Millennium Management’s newly launched investment internship programme already fully subscribed more than a year before participants are due to begin, according to a report by eFinancial Careers.
DE Shaw & Co is lengthening investor withdrawal periods on two of its largest hedge funds while closing smaller vehicles, reflecting a broader industry shift among multi-strategy managers toward tighter liquidity controls and more stable capital bases, according to a report by Bloomberg.
Qube Research & Technologies has appointed former Citadel Securities trader Holly Lau as its US chief operating officer, underscoring the quant firm’s accelerating expansion in North America and continued push into electronic trading and market-making strategies, according to a report by eFinancial Careers.
Steve Cohen’s Point72 Asset Management led performance among major hedge funds in May, extending a strong run of gains for the $50.7bn multi-strategy firm as the wider industry delivered a mixed month of returns, according to a report by Business Insider.
Bill Ackman’s Pershing Square Capital Management is set to generate a substantial profit from its long-held investment in Universal Music Group NV as it unwinds its position following the rejection of its latest takeover proposal by the company, according to a report by the Wall Street Journal.
Fasanara Capital is expanding its presence in asset-backed lending with the launch of a specialist platform dedicated to financing high-value Ferrari vehicles, highlighting the continued evolution of private credit into increasingly niche asset classes, according to a report by Bloomberg.
Activist investor Barington Capital Group has disclosed an investment in healthcare services provider Chemed Corp and is advocating for changes at the board level, arguing the company has the resources and operational potential to deliver stronger performance, according to a report by Bloomberg.
Singapore-based hedge fund Astignes Capital Asia has appointed seasoned Japan rates trader Chiga Murayama as a portfolio manager, according to a report by Bloomberg citing regulatory records filed with the Monetary Authority of Singapore.
