Latest News
Hedge funds have been encouraged by Goldman Sachs Group to bet on Germany being able to pull off an increasingly difficult €22bn takeover of the country’s biggest power grid, according to a report by Bloomberg.
Ernst & Young (EY), the receiver appointed to handle the winding up of failed Canadian hedge fund Traynor Ridge Capital, is looking to team up with an investment adviser to assist in the sale of the firm’s assets, according to a report by Bloomberg.
Investor unrest is building at Entain, the owner of Ladbrokes, after two more US-based activist hedge funds voiced concerns over the gambling group’s share price and CEO Jette Nygaard-Andersen’s ability to revive the fortunes of FTSE 100 company, according to a report by the Financial Times.
TOP STORY: Multi-strategy major Millennium Management is continuing to add talent to its team in Hong Kong with three recent appointments – Jingo Hing, Alexander Wilton, and Vinay Srinivas, according to a report by eFinancial Careers.
While hedge funds have upped their bets on the “Magnificent Seven” tech stocks that have fuelled portfolio gains so far this year, another tech major, Tesla Inc, remains their most popular short position, according to a report by CityWire.
London-based, event-driven hedge fund firm Samson Rock Capital is winding down a part of its $800m-plus portfolio run by co-founder Satpreet Brar, who is leaving the business, according to a report by Bloomberg.
Zurich-based investment boutique Green Ash Partners is to close the Chanos Equity Long-Short fund, a UCITS fund it launched with famed short-seller Jim Chanos in October 2022, according to a report by CityWire.
German exchange Eurex has set its sites on attracting high volume interest rate trading clients such as hedge funds as it looks to build on the solid start made by its new European interest rate contract, according to a report by FOW.
Global hedge funds exited both long and short bets on technology stocks at the fastest weekly pace seen in seven months last week, according to a report by Reuters citing data from Goldman Sachs’ prime brokerage division.
TCI Fund Management Limited, the $60bn London-headquartered hedge fund firm found by Chris Hohn, has established a presence in the United Arab Emirates with the opening of an office in Abu Dhabi.
