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Elliott Investment Management, the US activist hedge fund firm founded by Paul Singer, has withdrawn its unsolicited offer to acquire Currys after the UK-based electrical and electronics retailer rejected two bids.
A series of bets against tech firms that went public via special purpose acquisition companies have helped Sylebra Capital, a tech-focused hedge fund founded by ex-Coatue Management Partner Daniel Gibson, chalk up a 22% gain so far this year, according to a report by Bloomberg.
British hedge fund trader Sanjay Shah appeared in court in Denmark on Monday on the opening day of his trail for allegedly defrauding the Danish tax authorities of DKK12.7bn ($1.8bn) through so-called ‘cum-ex’ tax schemes, according to a report by Reuters.
A raft of new regulatory rules introduced in response to last year’s short seller attack on Adani, one of India’s biggest companies, has prompted several hedge funds to consider scaling back their investments in the country, according to a report by the Financial Times.
Activist hedge fund ValueAct Capital has restated its support for Walt Disney and the entertainment giant’s current board led by Chief Executive Officer Bob Iger amid a boardroom challenge from rival activist Trian Fund Management.
A 55% surge in February has seen digital asset-based exchange traded product (ETP) assets under management hit an all-time high of $80.5bn, up from $52bn in January, according to analysis by digital asset and fintech investment business Fineqia International.
London-based activist hedge fund firm Parvus Asset Management has increased its holding in budget airline Ryanair to over 7% from around 6%, with the acquisition of an additional €230m worth of shares, according to a report by The Irish Times.
Dylan Haggart, a former Partner at activist investment firm ValueAct Capital Management, is gearing up to launch his own investment firm in what will be one the highest profile activist launches in years, according to a report by Reuters.
Institutional digital asset prime broker FalconX and FalconX Bravo, the first cryptocurrency focused CFTC-registered swap dealer, have appointed Ravi Doshi as Head of Markets, to support the expansion of its derivatives trading business.
Quantitative hedge fund Qube Research & Technologies has continued its recent hiring spree with the appointment of Francois Jeulin, Citadel Securities’ Hong Kong-based Global Head of Arbitrage, according to a report by eFinancial Careers.
