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Activist investor Ancora Holdings is preparing to challenge for seats on the board of directors of Harmonic, in a push to get the streaming equipment company to divest its video business faster, according to a Reuters report.
Man Group is planning on more acquisitions and hiring new team members, as part of a push towards private credit, according to a report by Bloomberg.Â
A measure of the cost of borrowing short-term funds backed by U.S. Treasuries spiked this week to its highest since 2019, a move some market participants attributed to dealers closing their balance sheets for the year, according to a report by Reuters.Â
Genoa Capital, a Brazilian hedge fund with $3.8bn in assets under management, says it’s time to bet on the nation’s currency and stocks as the central bank’s cautious approach to interest rate cuts diminishes the appeal of local rates, according to a report by Bloomberg.
Emerging Markets hedge funds surged in late 2023 on falling inflation, interest rates, and a weakening US dollar, with EM hedge funds having successfully navigated both macroeconomic and geopolitical challenges over the past 18 months.
A steady rally in stocks and elevated bond yields are pressuring global hedge funds to boost returns as they fight to staunch investor outflows, according to a report by Reuters that quotes industry insiders.Â
TOP STORY: FTSE 100 has opened higher after festive break, with miners on the front foot, according to a timely report by Hargreaves Lansdown.
BioMarin has reached a settlement with activist investor Elliott Investment Management with the biotechnology company agreeing to add three independent directors to its board and form a committee to review operations, according to a report by Reuters.
David Tovey, who was a BlackRock fund manager until 2021, is part of a team that plans to launch a hedge fund based in London and Zurich in the first quarter of 2024, according to a report by Reuters.Â
Billionaire Michael Platt’s hedge fund-turned family office BlueCrest Capital has largely lost a legal battle at the Court of Appeal in London, meaning that partners at the firm are now are liable to pay a higher rate of tax on part of their remuneration, according to a report by the FT.
