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Elliott Investment Management, the activist hedge fund firm founded by Paul Singer, has built a “large” stake in Sumitomo, one of Warren Buffett’s favourite Japanese trading houses, according to a report by Bloomberg.
Activist hedge fund firm Sachem Head Capital Management’s Managing Partner Scott Ferguson will be given a seat on Delivery Hero’s supervisory board, after building a 3.6% stake in the Germany-based food delivery company, according to a report by Bloomberg.
New York-based diversified financial services firm Clear Street has appointed Ashley DeSimone as the firm’s Chief Marketing Officer. In her new role, she will be responsible for the firm’s branding, public relations and marketing strategy.
Elliott Investment Management, the activist hedge fund firm led by Paul Singer, holds an approximately $1bn stake in Anglo American, the UK-listed mining company that is the subject of an unsolicited takeover bid from Australia’s BHP Group, according to a report by Bloomberg.
Short bets against the Japanese yen held by hedge funds have reached the second highest level ever seen, even as the currency has fallen to 34-year lows against the US dollar, according to a report by Reuters.
Kok-Hoi Wong, Founder of Singapore-based hedge fund APS Asset Management, will step down from his role as Chief Investment Officer at the $1.7bn China-focused investment firm in the coming year, according to a report by Bloomberg.
Andrew Carney, Chief Investment Officer of Volatility, and Mark Zeldis, Chief Technology Officer at New York-headquartered, multi-manager hedge fund firm Walleye Capital, will retire from the firm, according to a report by Business Insider.
Hedge funds and listed equities were the main drivers behind a 3.3% return in the first three months of the year at Elo, one of Finland’s main occupational pension funds, according to a report by IPE citing the scheme’s Q1 results.
The controversial cum-ex trades that allegedly defrauded the Danish tax authorities of £1.4bn were “completely legal”, according to Sanjay Shah, the founder of hedge fund firm Solo Capital Partners and the man accused of masterminding the scheme, according to a report by Bloomberg.
Aspex Management, the Hong Kong-based hedge fund firm founded by Hermes Li, notched up a return of over 11% in the first three months of the year in its Asia-focused fund – one of the region’s largest at $7bn – according to a report by Bloomberg.
