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Activist hedge fund firm Elliot Management is planning to nominate a slate of director candidates at Salesforce after acquire multi-million dollar stake in the could-based software company, according to a report by EuroNews.
The report cites unnamed sources as revealing that Elliott, which invests more than $55 billion on behalf of clients, is currently interviewing a number of potential directors including technology industry executives and candidates from other industries.
News of Elliot’s plan to nominate directors comes after Bloomberg reported Salesforce had refreshed its board with the appointment of three new board directors, including ValueAct Capital CEO Mason Morfit, amidst
ICBERG Capital, a company based in Abu Dhabi Global Market (ADGM) and regulated by the emirate’s Financial Services Regulatory Authority, has launched the ICEBERG Alpha Strategies Fund, a US long-short equities hedge fund with a target size of AED200 million (£44 million).
US hedge fund Davidson Kempner Capital Management has bought $1.1 billion portfolio of bad debt from Abu Dhabi Commercial Bank (ADCB) consisting of 44 corporate loans to United Arab Emirates-based small- and medium-size enterprises, according to a report by Bloomberg.
Davidson Kempner, which has about $36 billion in assets under management, has not released financial terms of the deal. The hedge fund hired Seapoint Capital Ltd. as the special servicer and Reviva Capital as loan servicer for the transaction.
ADCB, the third-largest lender in the UAE, is actively looking to clean up its balance sheet after being impacted by a
Digital asset investment products saw $117 million of inflows last week, the largest since July 2022, while total asset under management have risen to $28 billion, up 43% from their November 2022 lows, according to them latest digital assets fund lows weekly report from CoinShares.
New carbon and energy policies, regulations and initiatives are expected to drive markets in the coming year, resulting both in rising risk and opportunity for investors. And, as consolidation looms in the hedge fund industry, specialised, alpha-generating strategies can be expected to draw higher investor interest.
SkyBridge Capital, the hedge fund firm found by Anthony Scaramucci, saw losses in its largest fund of 39% last year after investors asked the firm to return half their money after a series of failed bets on cryptocurrencies and now-bankrupt FTX, according to a report by Bloomberg.
A tokenised version of a global macro hedge fund run by renowned manager Chua Soon Hock has been listed on Singapore-headquartered private markets exchange ADDX, according to a report by Fund Selector Asia.
Through the use of blockchain and smart contract technology ADDX has reduced the minimum subscription size of the Asia Genesis Macro Fund from $1m to $20,000 for investors, while the fund trades exclusively in highly liquid exchange-listed futures and options, providing investors with a monthly redemption option with no lock-in periods.
The fund, which record a Net return for 2022 of +15.3% on a Sharpe Ratio of
Citadel and Millennium Management are among a group of 12 hedge funds that are set to make a profit of more than CAD216 million ($162m) as one of Canada’s most bitterly-contested acquisitions nears completion, according to a report by Reuters.
Hedge funds are positioning for a slow down in this year’s stellar start for Treasuries by quietly building up the biggest bearish bet on bond futures on record, according to a report by Bloomberg.
The report cites the latest data from the Commodity Futures Trading Commission which reveals that as of 24 January, an aggregate measure of net-short non-commercial positions across all Treasuries maturities hit 2.4 million contracts. The positions cover a raft of investment strategies including outright short bets, yield curve wagers, relative trades and hedges.
Widespread anticipation that falling inflation and a wider cooling of the US economy
Cadwyn Capital has added to it leadership team with the appointment of Parag Patel as chief risk officer and investment director. Patel will oversee risk management at the firm and be involved in the implementation and direction of investment strategies.
Prior to joining Cadwyn, Patel was CRO of Capula Investment Management for three years and chair of the firm’s investment committee, with global oversight of investment and enterprise risk, overseeing the firm’s growth from $18 billion to $25 billion in AUM, including expansion to eight funds, including several newly launched strategies.
Patel was previously at DWS and Deutsche Bank (London
