Latest News
Baupost Group, the hedge fund firm led by value investing expert Seth Klarman, has significantly reduced its stake in Alphabet, the parent company of Google, while expanding its holdings in the health insurance sector with a new investment in Humana, according to a report by Morningstar.
Super Micro Computer has replaced Elon Musk’s EV-maker Tesla as the most crowded security in the Americas, a position it has held since May, according to the latest Shortside Crowdedness Report from Hazeltree.
London-based hedge fund Caxton Associates has chalked a $270m gain this month leverage strategic bets on both US Treasuries and the Japanese yen to boost performance amid recent market volatility, according to a report by the Financial Times.
A comprehensive review of payments made to George Weiss and other executives at Weiss Multi-Strategy Advisers before the hedge fund’s bankruptcy earlier this year has been given the green light by a federal court judge following a request from Jefferies Financial Group, according to a report by Bloomberg.
Recent data from Jefferies has revealed a significant shift in hedge fund portfolios, particularly within Magnificent 7 stocks, with managers favouring Amazon and Microsoft over Netflix and Meta, according to a report by Investing.com.
Pershing Square Capital Management, the hedge fund firm led by Bill Ackman, added new companies to its investment portfolio for the first time in over a year in the second quarter of 2024, with wagers on Nike and Brookfield, according to a report by Reuters.
Schonfeld Strategic Advisors has appointed Samuel Adams, a former Goldman Sachs Managing Director who specialised in synthetic products, as Lead Architect in London, according to a report by eFinancial Careers.
US hedge fund Whitebox Advisors is endorsing a new restructuring plan for struggling German battery manufacturer Varta that could allow ordinary shareholders to inject fresh capital into the business, according to a report by Bloomberg citing unnamed sources familiar with the situation.
Global fintech Broadridge Financial Solutions has appointed Simon Robertshaw as Chief Technology Officer for front office trading. Based in London, Robertshaw will oversee both sell and buy side capabilities across all asset classes and jurisdictions.
Brevan Howard Asset Management has added Andrew Saxton from Dymon Capital and David Nash, who previously worked at Millennium Management spin-off Modular Asset Management, to its Asia credit team, months after cutting global headcount by 10%, according to a report by Bloomberg.
