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Chris Rokos’ hedge fund is moving forward with its expansion into the Middle East after receiving regulatory approval to establish an office in Abu Dhabi, reinforcing the emirate’s position as a growing centre for global asset managers, according to a report by Bloomberg.
Shares in Pershing Square’s newly listed investment vehicles recovered in their second day of trading, supported by disclosures that founder Bill Ackman (pictured) increased his personal investment in both entities following their IPO, according to a report by Bloomberg.
Whitbread has unveiled a major strategic overhaul that includes a £1.5bn sale-and-leaseback of its property portfolio and the exit of its branded restaurant operations, following sustained pressure from activist investor Corvex Management, according to a report by the Financial Times.
Paloma Partners is reducing headcount by nearly a dozen employees, including senior strategy, marketing, and compliance roles, as the $1.1bn multi-strategy hedge fund continues a broader restructuring under its current leadership, according to a report by Business Insider.
Anaconda Invest SA, a Swiss hedge fund focused on energy transitionhas returned approximately 39% year-to-date, according to a report by Bloomberg citing comments by founder and chief executive Renaud Saleur, outperforming broader energy benchmarks such as the S&P Global Oil Index.
Verition Fund Management has experienced notable turnover in its credit trading team, with two senior hires from major investment banks reportedly leaving the firm within a relatively short period after joining, according to a report by eFinancial Careers.
Activist investor ADW Capital, led by Adam Wyden, has submitted an unsolicited offer to acquire automotive services group Driven Brands Holdings Inc in a deal valued at nearly $3bn, escalating its campaign for strategic change at the company, according to a report by the Wall Street Journal.
Point72 Asset Management founder Steve Cohen is reshaping the hedge fund’s senior leadership framework, introducing an executive committee model while stepping back from the president title in a move aimed at supporting the firm’s continued growth and succession planning, according to a report by Bloomberg.
US derivatives regulator the Commodity Futures Trading Commission (CFTC) is re-examining how it publishes a key dataset in a move that could reshape how hedge funds and other market participants interpret positioning signals across futures markets, according to a report by Bloomberg.
Engine Capital has called on engineering and construction group KBR Inc to consider a full sale of the business, arguing that the company is undervalued in public markets and could command a significantly higher price in a takeover, according to a report by Reuters.
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