Latest News
Alua Capital Management is shutting down its roughly $2bn hedge fund, bringing an end to a high-profile launch backed by strong pedigree but ultimately falling short on performance, according to a report by Bloomberg.
Allocator interest in commodity hedge funds has nearly doubled over the last two quarters. Luke Sadrian, who launched the Fulcrum Commodities Fund six months ago, thinks the market is still underestimating how much has changed – and why the opportunity may last years, not months.
Activist hedge fund firm Third Point, led by billionaire investor Daniel Loeb, has withdrawn from its investment in CoStar Group and will not proceed with a planned proxy contest, according to a report by Reuters citing a recent letter and unnamed people familiar with the matter.
Pershing Square Capital Management founder Bill Ackman, has placed the success of his proposed $64bn bid for Universal Music Group heavily on the position of French billionaire Vincent Bolloré, the company’s largest influential shareholder, accordoing to a report by the Financial Times.
Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct allegations, according to a report by the FT.
Hedgeweek®’s head of content and research Manas Singh breaks down what actually happened last quarter and what it means for the allocator thesis on hedge funds going into Q2.
Impactive Capital is seeking to reshape the board of WEX Inc, including a proposal to replace its long-serving chief executive from her board roles, according to a report by Reuters citing regulatory filings and unnamed sources familiar with the matter.
Saba Capital Management has secured a notable victory in a campaign targeting UK-listed investment trusts, after Edinburgh Worldwide Investment Trust moved to support a shareholder exit proposal aligned with its strategy, according to a report by Bloomberg.
Wall Street banks are poised to report a combined trading windfall exceeding $40bn for the first quarter, as escalating geopolitical tensions in the Middle East and renewed military activity in Venezuela fuel sharp swings across global financial markets, according to a report by the Financial Times.
Chase Coleman’s Tiger Global Management has agreed to back PopUp Bagels in a deal that values the fast-growing brand at around $300m, according to a report by Bloomberg citing unnamed sources familiar with the transaction.
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