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BlackRock is in preliminary discussions with Millennium Management to explore a potential strategic partnership that could see the world’s largest asset manager take a minority stake in one of the hedge fund industry’s most profitable firms, according to a report by the Financial Times.
Hedge funds, including London-based Clean Energy Transition, are eyeing buying opportunities after Donald Trump’s victory in the US presidential election sparked a sharp sell-off in stocks across the ESG investing space, according to a report by Bloomberg.
Mark Maislish, a former Goldman Sachs Managing Director, has joined Gibraltar-based online gaming company Pragmatic Play, following a short stint as a Portfolio Manager at multi-strategy hedge fund major Citadel, according to a report by eFinancial Careers.
Millennium has expanded its team in London with the recruitment of a veteran Portfolio Manager from multi-strategy rival Citadel, and two technologists from G-Research and BlueCove, according to a report by eFinancial Careers.
Diversified Energy Company was the most shorted UK listed company as of 5 November, according to new analysis by global exchange traded products provider GraniteShares, with 8.22% of the company’s stock having been loaned out by nine fund managers.
Activist hedge fund firm Elliott Investment Management has clarified it has not made demands or initiated contact with German utility giant RWE AG regarding any potential investment, according to a report by Reuters.
Following Donald Trump’s election victory, a number of hedge funds, including BlueBay Asset Management, are pivoting their strategies toward US Treasuries, oil, technology stocks, and major US banks, according to a report by Reuters.
Pinestone Asset Management, which has been a rare success story in China’s struggling quantitative hedge fund sector, faces serious challenges following a US indictment accusing Co-Founder Xiao Zhang of trade secret theft, according to a report by Bloomberg.
The Tel Aviv Stock Exchange (TASE) has published a proposal to recognise hedge fund holdings in companies listed on the exchange as part of their free float calculations, aligning with international market practices, and is asking for comments on the plan.
In a year marked by steady gains, October proved exceptional for Schonfeld Strategic Advisors as the $11.6bn New York-based hedge fund continued its strong growth trajectory since opting out of a potential acquisition by rival Millennium a year ago, according to a report by Business Insider.
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