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The US dollar strengthened for a second consecutive session as hedge funds and currency traders pared back bearish positions, amid growing doubts that the Federal Reserve will deliver three interest-rate cuts in 2026, according to a report by Bloomberg.
Activist hedge fund Jana Partners has built a stake in payments and financial technology group Fiserv, engaging privately with management as it pushes for changes aimed at reviving the company’s sharply underperforming share price, according to a report by the Wall Street Journal.
US hedge fund Third Point has taken a stake in Spanish defence and technology group Indra and is backing plans by the company’s chairman to acquire smaller rival Escribano Mechanical & Engineering, according to a report by Bloomberg.
Bill Ackman’s hedge fund Pershing Square Capital Management is facing a class action lawsuit from minority investors over its $900m stake increase in Howard Hughes Holdings, which boosted Pershing’s ownership to nearly 47%, according to a report by Bloomberg.
Activist hedge fund Starboard Value is preparing to push for a sweeping overhaul of the board at online travel group Tripadvisor, according to a report by the Wall Street Journal citing unnamed people familiar with the matter
Muzinich & Co has launched the Muzinich Global Credit Market Neutral Fund a new strategy that aims to capitalise on mispricing and dislocations in global credit while minimising exposure to broader market movements.
UK industry figures have urged the Financial Conduct Authority to intervene over what they describe as repeated and disruptive board challenges by Saba Capital targeting British investment trusts, according to a report by This Is Money.
Hedge funds drove the largest net-buying of Asian equities since 2016 last week, according to a report by Bloomberg citing a note from Goldman Sachs Group Prime Services, with optimism around AI infrastructure firms fuelling demand.
Employee compensation remained a significant cost drag at Citadel last year, even as returns moderated, highlighting the structural pressures facing large multi-strategy hedge funds competing aggressively for talent, according to a report by Bloomberg.
Activist hedge fund Sachem Head Capital Management increased its stake in Warner Bros Discovery during the fourth quarter, stepping up its exposure as takeover speculation and strategic uncertainty intensify around the media group, according to a report by Reuters.
