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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.
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.
