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CVS Health is adding four new members to its board of directors, including Larry Robbins, CEO of Glenview Capital Management—the hedge fund firm which has been pushing for changes at the healthcare giant after acquiring a significant stake in the business.
Digital asset inflows reached $2.2bn last week, bringing year-to-date inflows to a record-breaking $33.5bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Billionaire hedge fund manager Ken Griffin has voiced apprehensions about Donald Trump’s approach to tariffs, labelling them a “slippery slope” with potentially harmful long-term consequences for US businesses, according to a report by Bloomberg.
Several prominent hedge funds with ties to the Tiger Management legacy, including Discovery Capital Management, made significant new investments during the third quarter, according to a report by Institutional Investor citing analysis of their recently filed 13F regulatory disclosures.
Activist hedge fund Jana Partners has significantly restructured its portfolio, slashing its stake in Frontier Communications by 59% and fully exiting its positions in QuidelOrtho and BlackLine Systems, according to a report by Reuters.
The Arini Credit Master Fund jumped 23.4% through the end of October benefiting from bets against European manufacturers facing US and China headwinds, Reuters reports, citing an unnamed source and a September investor letter.
Bill Hwang, founder of Archegos Capital Management, should serve 21 years in prison for orchestrating a market manipulation scheme that collapsed his $36bn fund and inflicted more than $10bn in losses on lenders, according to a report by Reuters citing US prosecutors.
Arcesium, a provider of investment lifecycle and data management technology for the global investment industry, has launched a new automated Regulatory Reporting solution aimed at reducing the resources required to manage regulatory compliance.
Major hedge funds, including Millennium Management, Capula Management, and Tudor Investment, significantly boosted their exposure to US spot bitcoin exchange traded funds (ETFs) in the third quarter, according to a report by Reuters citing securities filings.
Activist hedge fund ValueAct Holdings has significantly increased its stake in Meta Platforms, acquiring 211,500 additional shares, worth $121.07m, during the third quarter of 2024, according to the firm’s latest 13F filing.
