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Shares of German speciality chemicals company Lanxess soared by as much as 10% on Monday after news broke that Greenlight Capital, the hedge fund founded by David Einhorn, has acquired a stake of over 5% in the business, according to a report by Reuters.
Michael Germino’s Ghisallo Capital Management has obtained a regulatory license for its Hong Kong operations, marking a rare move by a foreign hedge fund to expand into the city amid challenging economic and geopolitical conditions, according to a report by Bloomberg.
Global hedge funds, including Elliott Investment Management, and private equity firms are zeroing in on Japanese companies, aiming to unlock as much as JPY25tn ($165bn) in undervalued real estate assets, according to a report by Bloomberg.
Metalayer, a firm founded by veterans of Two Sigma Ventures – the VC arm of quantitative hedge fund firm Two Sigma – has filed with the Securities and Exchange Commission (SEC) to launch a $25m cryptocurrency investment fund, according to a report by Fortune.
With demand for quantitative fixed income traders surging as banks, hedge funds, and market makers vye for recruits from a limited pool of talent, systematic fixed income specialists will be some of the most sought-after in finance, according to a report by eFinancial Careers.
The Managed Funds Association (MFA) has urged the European Commission (EC) to refrain from applying a one-size-fits-all macro-prudential regulatory framework to nonbank financial intermediaries (NBFIs) in a comment letter submitted this week.
Whitney Tilson, a former hedge fund manager and philanthropist, has announced his candidacy for New York City mayor, joining a competitive Democratic field vying to replace Eric Adams in 2025, according to a report by Bloomberg.
Hong Kong is moving to exempt private equity funds, hedge funds, and investment vehicles owned by billionaires from taxes on cryptocurrency gains, private credit investments, and other assets, according to a report by the Financial Times.
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