Latest News
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, is facing losses from its holding in Chipotle after the burrito chain’s stock tumbled on Tuesday on news that CEO Brian Niccol was jumping ship to Starbucks, according to a report by the Wall Street Journal.
Coffee giant Starbucks ousted its CEO Laxman Narasimhan on Tuesday morning in favour of Chipotle Mexican Grill’s Brian Niccol, following two months of mounting pressure from activist hedge fund Elliott Investment Management, according to a report by the Financial Times.Â
Mount Lucas Management, a $1.7bn hedge fund based in Pennsylvania, has recently liquidated its long US Treasury positions, signalling a cautious stance on expectations of future Federal Reserve rate cuts, according to a report by Bloomberg.
JPMorgan has parted company with Camille Fournier, the former Head of Platform Engineering at hedge fund Two Sigma, who served as its Global Head of Engineering and Architecture for its Corporate & Investment Bank, according to a report by eFinancial Careers.
An activist fund at Boaz Weinstein’s Saba Capital Management, which focuses exclusively on investments in BlackRock’s closed-end products, surged by 22% this year up to the end of July, according to a report by Bloomberg.
New York is home to 12,732 hedge funds, clocking the most registrations of all US states, followed by California and Connecticut, according to analysis of hedge fund registration data by fund service provider Repool.Â
Oasis Management Company, the Hong Kong-based activist hedge fund firm led by Seth Fischer, has outlined three potential strategies aimed at boosting shareholder value at Kobayashi Pharmaceutical amid ongoing troubles at the pharmaceutical and consumer products company, according to a report by CNBC.
Banco Bradesco, Brazil’s third-largest bank by market capitalisation, has appointed Gabriel Trebilcock, co-founder of hedge fund Ace Capital, as the new head of its local credit sales and trading division, according to a report by Bloomberg.
Digital asset investment products saw inflows totalling $176m last week as investors saw recent price weakness as a buying opportunity, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Liquidators for the defunct cryptocurrency hedge fund Three Arrows Capital are seeking at least $1.3bn from TerraForm Labs, the bankrupt digital assets firm co-founded by Do Kwon over losses incurred from the 2022 collapse of TerraForm’s TerraUSD and Luna tokens, according to a report by Bloomberg.
