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Several hedge funds managed by multi-strat major Citadel delivered positive returns in February, outperforming the broader equity market during a volatile month marked by macro uncertainty and sharp swings in AI-linked stocks, according to a report by CNBC.
Multi-strategy hedge fund Verition Fund Management has so far kept its Dubai office open despite escalating conflict in the Middle East, offering staff flexibility but stopping short of mandating remote working, according to a report by Financial News London.
Activist hedge fund Elliott Investment Management has agreed to tender its stake in Toyota Industries after Toyota raised its take-private bid to JPY20,600 per share, valuing the deal at $30bn, according to a report by Reuters.
Sydney-based hedge fund GCQ Funds Management has taken advantage of the recent tech selloff, purchasing around AUD200m ($143m) of beaten-down software stocks, betting the sector has hit its bottom, according to a report by Bloomberg.
The Alternative Investment Management Association (AIMA) has pushed back on the UK government’s proposal to restrict or ban non-compete clauses, warning that the plans risk undermining the UK’s competitiveness as global competition for investment and talent intensifies, according to a report by the Daily Telegraph.
Activist hedge fund Elliott Investment Management has said London Stock Exchange Group can take additional steps to unlock shareholder value, despite welcoming the group’s newly announced £3bn share buyback, according to a report by Bloomberg.
Hedge funds turned increasingly bullish on oil, pushing net-long positions in Brent crude to their highest level in almost two years ahead of the joint US-Israel attack on Iran, according to a report by Bloomberg citing data from ICE Futures Europe.
Activist hedge fund Saba Capital has rejected claims that it is acting unreasonably in its standoff with Impax Environmental Markets PLC, insisting that its demands are rooted in shareholder protection rather than brinkmanship.