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Activist hedge fund firm Elliott Investment Management has urged Honeywell International’s board to simplify its conglomerate structure, arguing the company could unlock significant value by separating its Aerospace and Automation divisions, according to a report by Alternatives Watch.
Brigade Capital, a hedge fund with a strong focus on credit investment, has secured $300m from private investment giant Blackstone to grow its private credit strategy and bolster its collateralised loan obligations platform, according to a report by Reuters.
Hedge funds are boosting spending on risk management as concerns about navigating regulatory challenges increase, according to new global research by Beacon Platform, a cross-asset portfolio analytics and risk management platform for hedge funds.
Bankrupt cryptocurrency exchange FTX has filed a lawsuit against Anthony Scaramucci and his hedge fund, SkyBridge Capital, as part of its broader strategy to recoup funds for creditors following its collapse, according to a report by Fortune.
Elliott Investment Management, one of the world’s largest activist investment firms, has named Samantha Algaze as its first-ever female Partner and promoted two other Partners, John Pike and Pat Frayne, to its management committee, according to a report by Bloomberg.
Ken Griffin’s multi-strategy hedge fund major Citadel has made a high-profile hire with the appointment of Nabeel Bhanji, a partner from Elliott Investment Management, in what is one of the biggest hedge fund moves of the year, according to a report by Bloomberg.
Caroline Ellison, the former CEO of hedge fund Alameda Research and a central figure in the $11bn FTX cryptocurrency exchange scandal, has begun her two-year prison sentence in a Connecticut federal facility.
Following Donald Trump’s US presidential election win, hedge funds have quickly pivoted toward financial stocks while reducing their exposure to companies in the renewable energy sector, according to a report by Reuters.
Hedge funds held their most bearish outlook on the yen since August ahead of last week’s US presidential election, a sign many investors anticipated a Donald Trump victory, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Jim Pallotta’s family office, Raptor Group, is investing in a new hedge fund, Trevally Capital, which aims to capitalise on distressed sectors within the US housing market by trading US residential mortgage-backed securities (RMBS), according to a report by Bloomberg.
