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Two funds previously controlled by Odey Asset Management saw strong performances, ranking them among the top 10 best performing funds globally in April, according to data from Société Générale.Â
Hedge fund Shah Capital will end its proxy campaign against the re-election of three broad directors at Covid-19 vaccine maker Novavax after the company signed a licensing deal with French drugmaker Sanofi.
Citadel, the $58bn multi-strategy hedge fund major founded by Ken Griffin, has appointed Rupee Yadav, a Partner at Goldman Sachs, as its new Head of Electronic Trading, according to a report by eFinancial Careers.
Digital asset investment products saw inflows totalling $932m last week, the second week of positive flows, according to the latest digital assets fund flows weekly report from CoinShares.
Ovata Capital Management, the Hong Kong-based hedge fund firm led by BlueCrest Capital Management alumnus James Chen, has aded four Portfolio Managers to its trading team after assets at the firm surpassed the $1.1bn mark, according to a report by Bloomberg citing an unnamed source with knowledge of the matter.
Multi-strategy hedge fund major Balyasny Asset Management has appointed Samuel Donat, the former Global Head of Corporate Technology at Millennium Management, as its new Head of Enterprise Technology, according to a report by eFinancial Careers.
New York-based hedge fund firm Soroban Capital Partners has built a $500m stake in HVAC control systems specialist Johnson Controls International, joining activist investor Elliott Investment Management as one of the company’s largest shareholders, according to a report by Bloomberg.
Jain Global, the much anticipated hedge fund set to be launched soon by former Millennium Management Co-Chief Investment Officer Bobby Jain is to commit a significant chunk of its investment funds to commodities – both derivatives and physical, according to a report by Bloomberg.
Hedge funds experienced their first negative month of the year in April, with a weighted average return of -0.7%, according to new data from Citco, but remain in positive territory for 2024 with a year-to-date weighted average return of 6.5%.
China’s Suning Holdings could be on the verge of losing control of Italian Serie A giants FC Internazionale Milan with the deadline to repay close to €400m in debt to Oaktree Capital Management looming large, according to a report by Bloomberg.
