Latest News
New York-based activist hedge fund Starboard Value has seemingly identified it’s next restaurant sector target after a recent SEC regulatory filing revealed that the fund has acquired minority stake in Bloomin’ Brands which gives it nearly 10% of voting rights at the Tampa-based business.
Some 60% of investors feel that hedge fund investments either met or exceeded their expectations in the past 12 months, up from 53% in 2022, according to new research carried out by Preqin for its Investor Outlook: Alternative Assets, H2 2023 report.Â
Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg.
Cyril Delamare has stepped down from his role of Chief Growth Officer at Waystone Group, a provider of institutional governance, risk and compliance services to the asset management industry, and has been appointed as an advisor to the group.
Options Technology, a provider of cloud-enabled managed services, market data, and IT infrastructure solutions for the capital markets, has appointed Scott Feagans as Senior Vice President of Sales Engineering.
Odey Asset Management is shutting its only female run investment vehicle – the Brook Global Emerging Markets Fund – as the firm continues to reorganise operations and deal with the fallout from sexual assault allegations made against founder Crispin Odey, according to a report by Bloomberg.
Sculptor Capital Management received multiple takeover bids in excess of the $639m offer it accepted from Rithm Capital Corp last month – some valuing the firm at more than $700m – according to a report by Bloomberg.
Pershing Square, the US equities hedge fund founded by Bill Ackman, underperformed in the first half of the year, partly due to efforts to protect the firm against rises in long-term inflation, according to a report by CityWire.
Unlimited, an investment firm that provides investors exposure to the alpha-generating potential of hedge funds and other alternative investment strategies via ETFs, has appointed Michelle Sullivan as Head of Operations and Chief Compliance Officer, effective immediately.
Trading Technologies International (TT), a global capital markets technology platform provider, is to acquire Abel Noser Solutions (ANS), a provider of transaction cost analysis (TCA) for investment managers, brokers, asset owners and consultants, from Abel Noser Holdings, a majority-owned portfolio company of Estancia Capital Partners.Â
