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London-based hedge fund Caxton Associates has chalked a $270m gain this month leverage strategic bets on both US Treasuries and the Japanese yen to boost performance amid recent market volatility, according to a report by the Financial Times.
A comprehensive review of payments made to George Weiss and other executives at Weiss Multi-Strategy Advisers before the hedge fund’s bankruptcy earlier this year has been given the green light by a federal court judge following a request from Jefferies Financial Group, according to a report by Bloomberg.
Recent data from Jefferies has revealed a significant shift in hedge fund portfolios, particularly within Magnificent 7 stocks, with managers favouring Amazon and Microsoft over Netflix and Meta, according to a report by Investing.com.
Pershing Square Capital Management, the hedge fund firm led by Bill Ackman, added new companies to its investment portfolio for the first time in over a year in the second quarter of 2024, with wagers on Nike and Brookfield, according to a report by Reuters.
Schonfeld Strategic Advisors has appointed Samuel Adams, a former Goldman Sachs Managing Director who specialised in synthetic products, as Lead Architect in London, according to a report by eFinancial Careers.
US hedge fund Whitebox Advisors is endorsing a new restructuring plan for struggling German battery manufacturer Varta that could allow ordinary shareholders to inject fresh capital into the business, according to a report by Bloomberg citing unnamed sources familiar with the situation.
Global fintech Broadridge Financial Solutions has appointed Simon Robertshaw as Chief Technology Officer for front office trading. Based in London, Robertshaw will oversee both sell and buy side capabilities across all asset classes and jurisdictions.
Brevan Howard Asset Management has added Andrew Saxton from Dymon Capital and David Nash, who previously worked at Millennium Management spin-off Modular Asset Management, to its Asia credit team, months after cutting global headcount by 10%, according to a report by Bloomberg.
Pershing Square Capital Management, the hedge fund firm founded by Bill Ackman, is facing losses from its holding in Chipotle after the burrito chain’s stock tumbled on Tuesday on news that CEO Brian Niccol was jumping ship to Starbucks, according to a report by the Wall Street Journal.
Coffee giant Starbucks ousted its CEO Laxman Narasimhan on Tuesday morning in favour of Chipotle Mexican Grill’s Brian Niccol, following two months of mounting pressure from activist hedge fund Elliott Investment Management, according to a report by the Financial Times.Â
