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International energy services company Petrofac was the UK’s most shorted stock as of 8 July, according to new analysis from global exchange traded product issuer GraniteShares, with some 9.86% of the company’s stocks held short by six investment firms.
Pershing Square, the US hedge fund firm led by Bill Ackman, has launched a roadshow for the initial public offering of its common shares of beneficial interest of a new investment holding company with an expected IPO price of $50.00 per share.
Shiprock Capital Management Limited, a London-based alternative investment management firm focused on Global Distressed and Special Situations, has appointed Fiona Stockings as Investor Relations and Business Manager.
US-based hedge fund Elliott Associates has asked a London court to overturn a previous verdict that upheld the London Metal Exchange’s March 2022 decision to cancel $12bn worth of nickel trades, according to a report by Reuters.
Hedge fund bets on a stronger pound reached their highest level in more than six years ahead of last week’s UK election, driven by investor confidence in a Labour victory bringing stability to the country’s politics and economy, according to a report by Bloomberg.
Digital asset funds saw inflows totalling US$441m last week, with recent price weakness prompted by Mt Gox and the German Government selling pressure likely being seen as a buying opportunity, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
IPC, a provider of secure, compliant communications and multi-cloud connectivity solutions for the financial markets, has been certified as a Google Cloud Interconnect Partner, and is now listed as one of its global providers of Supported Services.
Activist hedge fund firm Elliott Investment Management has intensified its campaign against Southwest Airlines, criticising the airline’s board for adopting a “poison pill” strategy and appointing a new director, according to a report by Skift.
Hedge funds have significantly increased their bearish bets against petrol prices, with short wagers reaching the highest level in seven years due to unexpectedly weak demand during this summer’s driving season, according to a report by Bloomberg.
Clear Street, a cloud-native financial technology firm and independent prime broker, has appointed Edward Tilly to the firm as President. Tilly joins Clear Street after a successful decade-long tenure as Chief Executive Officer at CBOE Global Markets.
