Latest News
An affiliate of activist investment firm Elliott Investment Management, Amber Energy Inc, has emerged as the leading bidder in the auction for Citgo Petroleum Corp’s parent company with a $7.3bn offer, according to a report by Bloomberg.
Bullish bets on gold by hedge funds and other large investors have soared to their highest level in over four years, as the precious metal continued its climb following the Federal Reserve’s first interest-rate cut since 2020, according to a report by Bloomberg.
Walleye Capital has appointed Eric Nolette, the former Head of Sector Data Analysts – Global Equities, at rival multi-strategy hedge fund Citadel, as Director of Data and Insights for its equity long-short business, according to a report by Financial News.
Glenview Capital Management, the $2.5bn healthcare-focused hedge fund founded by Larry Robbins, is set to meet with senior executives of CVS Health on Monday to suggest strategies for improving the company’s operations, according to a report by The Wall Street Journal.
Several quantitative hedge funds in China faced significant setbacks on Friday as the country’s equities experienced their biggest rally in years, with a technical glitch at the Shanghai Stock Exchange exacerbating their problems, according to a report by Bloomberg.
Appaloosa Management founder David Tepper is ramping up his investments in China after Beijing rolled out unexpectedly strong stimulus measures to revive the country’s sluggish economy, according to a report by Investing.com.
Capricorn Fund Managers, a London based regulatory hosting provider, has launched a new regulatory hosting platform in Dubai that will offer hedge funds and other investment managers a fast-track to setting up operations in the emirate.
Southwest Airlines has revised its third-quarter revenue forecast upward, approved a $2.5bn share buyback programme, and introduced a series of strategic changes as it faces mounting pressure from activist hedge fund Elliott Investment Management, according to a report by the New York Post.
Alfonso Peccatiello, the former Head of Investments at ING Groep NV, is set to launch his upcoming global macro hedge fund, which target opportunities in global interest rates and currencies, in partnership with Falcon Investment Management.
Hedge funds investing in Chinese stocks saw a surge in performance this week, following the announcement of China’s largest economic stimulus package since the Covid-19 pandemic in 2020, according to a report by Reuters citing a Goldman Sachs note.
