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Pershing Square Capital Management has asked a Delaware court to dismiss a shareholder lawsuit challenging its recent transaction with Howard Hughes Holdings, arguing that the claims against the hedge fund and its founder, Bill Ackman, are without merit, according to a report by Bloomberg.
Activist investor PrimeStone Capital has called on the board of Intertek to enter discussions with private equity group EQT following the rejection of the latter’s revised takeover proposal, according to a report by Reuters.
Sir Christopher Hohn’s TCI Fund Management has sharply reduced its long-standing investment in Microsoft, citing concerns that rapid advances in artificial intelligence could disrupt the software giant’s core businesses, according to a report by the Financial Times.
A hedge fund founded by former Citadel Securities executive Han Jiarui has rapidly expanded its asset base, highlighting renewed investor appetite for quantitative strategies in China’s recovering hedge fund market, according to report by Bloomberg.
A downturn in the litigation finance sector is creating opportunities for hedge funds and special situations investors including Davidson Kempner and Attestor to acquire legal-claim assets at sharply discounted valuations, according to a report by Bloomberg.
A former hedge fund and private equity adviser has returned to the industry with a new consultancy aimed at wealthy families, betting that artificial intelligence will reshape how high-level financial and strategic advice is delivered, according to a report by Bloomberg.
Citadel boss Ken Griffin may hold Miami in high regard as a financial hub, but many New York-based hedge fund portfolio managers remain uncovinced about the city’s merits over NYC, despite renewed political tensions in the Big Apple, according to a report by eFinancial Careers.
A high-profile macro trader has switched employers at the last moment, abandoning a planned move to Millennium Management in favour of joining Citadel, underscoring intensifying competition for elite hedge fund talent, according to a report by Bloomberg.
New Zealand’s dollar could be poised for gains despite heavy bearish positioning from hedge funds, with analysts pointing to potential support from monetary policy signals and easing geopolitical tensions, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Activist hedge fund Carrousel Capital has raised doubts over restructuring plans at the Templeton Emerging Markets investment trust, highlighting ongoing investor tension around valuation discounts and liquidity mechanisms in closed-end funds, according to a report by Reuters.
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