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Blackwells Capital, the activist hedge fund firm founded by Jason Aintabi, is gearing up to challenge for a change in boardroom personnel at US fast-food dining chain Wendy’s Co, according to a report by Reuters.
Hedge funds upped bearish bets on the yen last week to the highest level seen since April 2022 on the back of growing speculation that the currency’s recent rebound will be short-lived, according to a report by Bloomberg.
San Franciso-based fintech startup Playfair Tech has unveiled a new AI engine designed to help hedge funds better predict market trends and process millions of data points from platforms such as Twitter, Reddit and Instagram.
Trend-following hedge funds went into the final month of the year in bullish mood, adding US, European and Japanese stocks to their holdings, according to a report by Reuters citing a prime brokerage note from JP Morgan.
Stock-picking hedge funds have switched their attention from technology stocks – the mainstay of much of this year’s returns – to other sectors including banking and healthcare, according to a report by Reuters.
FlexTrade Systems, a specialist in multi-asset execution and order management systems, has partnered with BTON Financial to provide users of FlexTRADER EMS with access to AI-driven broker selection suggestions.
BTIG, a specialist in institutional trading, investment banking, research and related brokerage services, has promoted Jennifer Mermel to the newly-created role of Chief Strategy Officer and appointed Kyle Czepiel as Chief Operating Officer.
Planixs, a provider of real-time, intraday cash, collateral and liquidity management solutions, has launched Realiti Insights which provides actionable liquidity data and analytics, delivering risk, revenue, regulatory and business resiliency insights.
Sean Gallagher, a Goldman Sachs Group veteran of some 18 years, has joined Lazard Ltd’s asset management unit to run a roughly $3bn business after shutting down his hedge fund, according to a report by Bloomberg.
Hedge funds continued to cut their holdings of China and broader emerging Asia market stocks in November, with both featuring among the most net sold regions over the course of the month, according to a report by Reuters.
