Latest News
Multi-strategy hedge fund major Citadel, which managers $54bn in investment capital will “soon” announce the appointment of a new Chief People Officer following the departure of Matt Jahansouz, who has left the firm after just over three years, according to a report by Pension & Investments.
Paul Singer’s Elliott Investment Management is set to purchase the 701 Brickell office tower in Miami for approximately $450m, adding to the hedge fund firm’s growing portfolio of investments in South Florida, according to a report by Bloomberg.
Tickeron, a provider of AI-driven tools aimed at assisting traders with investment decisions, has launched Trend Trading bots which employ financial learning models to provide hedge fund managers with actionable financial signals.
While many hedge funds have ridden chipmaker Nvidia’s stock price surge to book substantial gains, winners from the S&P 500’s top performer for 2024 are far fewer on the ground with Lone Pine, Third Point and Coatue among the notable names to have benefitted, according to a report by Institutional Investor.
Nelson Peltz’s activist fund, Trian Partners, has secured a board seat at Rentokil Initial, just two weeks after the pest control giant saw its stock plummet to a multi-year low following a profit warning related to its North American business, according to. Report by MarketWatch.
Activist investor Elliott Investment Management has intensified its campaign against Southwest Airlines , announcing plans to call a special shareholder meeting as early as next week in a push for significant leadership change at the airline, including the removal of Chief Executive Officer Bob Jordan, according to a report by Reuters.
Sydney-based funds manager Platinum Asset Management has turned down a takeover proposal from hedge fund Regal Partners Ltd, stating that the bid undervalued the company., but remains open to considering other offers, according to a report by Bloomberg.
Dubai has growth as an emerging hub for hedge funds comtinues unabated, with some of the world’s largest firms, including Millennium Management and Balyasny Asset Management, helping push the industry’s headcount in the emirate to over 1,000, according to a report by Bloomberg.
Caroline Ellison, the former Chief Executive Office of Alameda Research, the now defunct cryptocurrency hedge fund controlled by FTX founder Sam Bankman-Fried, has been sentenced to 24 months in prison for her role in a multi-billion dollar fraud at the cryptocurrency exchange, according to a report by Bloomberg.
The largest hedge funds now control nearly three-quarters of the entire industry, with multi-strategy firms attracting the vast majority of business, according to a report by Reuters citing data from Bank of America.
