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Multi-strategy hedge fund firm DE Shaw has nominated three directors to the board of Air Products and Chemicals after building a $1bn stake in the business, and is urging the company to return to its historically successful business practices, according to a report by NBC.
LGT Capital Partners has launched a new hedge fund vehicle for both institutional and wealth management clients offering access to the individual components of hedge fund strategies that make up the firm’s primary evergreen LGT Endowment portfolio, according to a report by CityWire.
Global derivatives and securities exchange network Cboe Global Markets has announced that trading of its new Options on Cboe Volatility Index Futures will begin on the Cboe Futures Exchange, LLC, on Monday, 14 October.
Multi-strategy hedge fund major Millennium Inc has added to its trading team with the appointment of Ziad Kerbage, a former equity derivatives trader at JPMorgan and Morgan Stanley, as a Senior Portfolio Manager, according to a report by Financial Careers.
A growing number of traditional hedge funds are venturing into the world of cryptocurrencies, with nearly half now having exposure to digital assets, according to a new survey by the Alternative Investment Management Association and PwC.
The corporate showdown between Pfizer and activist hedge fund Starboard Value escalated on Thursday, as Starboard called on the pharmaceutical giant to investigate alleged pressure exerted on former executives who had initially supported its campaign, according to a report by Reuters.
Hedgeweek has announced the winners of the US Awards 2024, which recognise excellence among fund managers and service providers in the US across a wide range of categories. The awards were presented at an exclusive ceremony and networking event on 10 October, at The Penn Club, New York.
Hedge funds are increasing their net-long positions in European natural gas futures as the market heads into winter, according to a report by S&P Global citing data from the Intercontinental Exchange.
Karl Oscar Strøm, a former Partner at Pareto Securities, is closing the Norwegian hedge fund Paleo Fund, which he founded in 2021. following several consecutive years of financial losses, according to a report by AMWatch.
Brevan Howard’s flagship $12bn Master Fund returned to winning ways in September following a dip in the previous month, with a 5.12% gain, its best monthly performance so far in 2024, according to a report by Financial News.
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