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Deer Park Road Management Co, a hedge fund firm known for its profitable bets on distressed assets, is ramping up its investment in commercial real estate debt, positioning itself to benefit from a downturn reminiscent of 2009, according to a report by Bloomberg.
Despite its reputation for high pay, average salaries at multi-strategy hedge fund major Millennium’s London office fell below £1m ($1.31 million) for the first time ever last year, according to a report by eFinancial Careers.
Schonfeld, the top-performing multi-strategy hedge fund of 2024, which has outpaced rivals including Citadel and Millennium so far this year with a 13.1% gain, is continuing with a hiring push after growing its headcount by 11.2% YTD, eFinancial Careers.
Activist hedge fund firm Starboard Value has built a $1bn position in Pfizer and is planning to push for strategic changes at the pharmaceutical giant as the company grapples with declining post-pandemic revenues, according to a report by the Wall Street Journal.
Oil prices surged above $80 per barrel on Monday, driven by escalating tensions in the Middle East and concerns over potential supply disruptions in the Gulf of Mexico due to an incoming hurricane, prompting hedge funds to begin adjusting their positions, according to a report by the Financial Tines.
Activist hedge fund firm Mantle Ridge has acquired a significant stake in Air Products and Chemicals, and is planing to push for strategic changes at the $63bn industrial gas giant including laying the groundwork for new leadership, according to a report by the Wall Street journal.
Segantii Capital Management, the hedge fund currently facing insider trading charges, has moved out of its 12,000-square-foot office in Hong Kong, according to a report by Bloomberg citing sources familiar with the situation.
Columbia Threadneedle has teamed with DBS Bank to offer its technology-focused hedge fund strategy – a long-short equity vehicle managed by Paul Wick at Seligman Investments – to high-net-worth clients across Asia, according to report by CityWire.
Institutional investors and wealth managers are expecting a surge in new digital assets funds this year as traditional financial institutions increasingly look to the sector, according to research by digital assets hedge fund manager Nickel Digital Asset Management.
Activist hedge fund firm Elliott Associates has lost its appeal against the dismissal of its lawsuit against the London Metal Exchange over the cancellation of billions of dollars worth of nickel trades, according to a report by Reuters.
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