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Paul Singer’s $55bn Elliott Investment Management is considering an all-cash offer for UK electrical goods retailer Currys after rejection of its initial £700m bid (62p per share), according to its statement published on the London Stock Exchange.Â
Hedge fund majors Marshall Wace and Millennium Management are both likely to have profited from the recent sharp fall in Close Brothers’s share price, having held “significant” short positions in the beleaguered merchant bank, according to a report by The Times.
Cyber security at both the Securities and Exchange Commission and the Commodity Futures Trading Commission is an increasing concern for hedge fund managers following the adoption of new rules forcing them to disclose more about their investment strategies.
Owen Coughlan, the former Head of Euro Swaps Trading at NatWest Markets has returned to the banking fold with Barclays in Paris after a brief foray into hedge funds, according to a report by eFinancial Careers.
The headcount at New York-based hedge fund Jain Global now numbers more than 80 employees, according to a report by eFinancial Careers.
George Demain, Senior Portfolio Manager and Systematic Trader at Millennium Management, has left the firm just 20 months after joining the business, according to a report by Bloomberg citing people familiar with the matter.
A record-breaking surge in cocoa prices on the back of poor harvests in West Africa has prompted hedge funds and other speculative investors to pile into the market, according to a report by Bloomberg citing positioning data from CFTC.
Brevan Howard, the Jersey-based global macro hedge fund major founded by Alan Howard, has upgraded to Behavox’s Quantum AI solution, two years after first partnering with the provider of AI-driven compliance solutions.
The Hedgeweek European Leadership Summit is set to return to London on Thursday, 29 February, as operational leaders from some of the world’s leading hedge fund firms discuss their current challenges and key priorities for 2024.Â
Third Point, the $10.6bn hedge fund founded and run by Daniel Loeb, plans to invest in private credit, having bet on positive conditions for both equity and credit markets for 2024, according to a report by Reuters citing an investor note.Â
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