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Several of the world’s largest hedge funds, including Coatue Management and Citadel posted losses last week as heightened volatility linked to the Iran conflict triggered sharp moves across global markets, according to a report by Bloomberg.
Bill Ackman has filed for two US IPOs covering both his hedge fund Pershing Square Capital Management and a newly created investment vehicle, in a move that would place the firm among a small group of publicly listed alternative asset managers, according to a report by Reuters.
Activist Starboard Value LP is pressing Lamb Weston Holdings to accelerate cost reductions and review its Asian operations amid stagnant growth, recommending that the company increase its cost-saving target to $500m from the $250m planned by fiscal 2028, according to a report by Bloomberg.
Carmignac Gestion is backing an activist campaign led by UK-based Palliser Capital aimed at improving governance and unlocking shareholder value at LG Chem, the first time it has public-backed an activist investor’s proposals, according to a report by Bloomberg.
OneMove Capital is seeking to overhaul the board of Canadian software provider Sylogist Ltd, arguing the company has mishandled its shift to a cloud-based business model and overseen years of underperformance, according to a report by Bloomberg.
Hedge fund Millennium Management has recruited three equities traders from rival Citadel as competition for investment talent intensifies among the industry’s largest multi-strategy firms, according to a report by Bloomberg.
Activist hedge fund Irenic Capital Management has hired former Apollo Global Management principal E‑Fei Wang as managing director and head of private equity as the firm expands its private equity practice, according to a report by Bloomberg.
Goldman Sachs is pitching hedge fund clients a derivative strategy that would allow them to take bullish or bearish positions on corporate loan markets, according to a report by the Financial Times citing an unnamed source familiar with the discussions.
Global markets staged a sharp turnaround on Monday as hopes grew that the conflict between the US and Iran may soon de-escalate, triggering a rebound in equities and bonds after days of heavy volatility that has challenged hedge fund trading strategies, according to a report by Bloomberg.
Momentum strategies, long favoured by hedge funds chasing winners and selling laggards, saw one of the steepest reversals in years last week as markets reacted to the US-Iran conflict, disappointing February jobs data, and AI-driven tech disruption, according to a report by Bloomberg.
