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Elliott Management has increased its position in Hewlett Packard Enterprise while fully exiting its stake in BILL Holdings, according to recent regulatory filings, in a portfolio reshuffle that underscores the hedge fund’s selective approach to technology investing, according to a report by Barrons.
Hedge funds have been taking profits on the powerful rally in semiconductor stocks, particularly in US-listed chipmakers tied to the artificial intelligence (AI) boom, as investors reassess positioning amid rising geopolitical and China-related risks, according to a Goldman Sachs note, reports Bloomberg.
Investor redemptions from hedge funds remained relatively subdued in May, according to the latest SSC GlobeOp Forward Redemption Indicator, suggesting allocators are maintaining exposure despite continued market volatility.
Doma Perpetual Capital Management has called on shareholders of Pacira BioSciences to support efforts for strategic and operational changes at the pharmaceutical company, arguing the business is undervalued and suffering from weak execution.
Oil prices fluctuated on Wednesday as traders weighed uncertainty around global supply, demand expectations and geopolitical tensions, keeping hedge funds cautious on energy exposure.
Hedge funds have increased short positions against European equities to their highest level in more than ten years, reflecting growing concerns over the region’s economic outlook and corporate earnings prospects.
Macro hedge fund firm Brevan Howard used gains from equities trading to help offset losses in interest rate strategies during a volatile period for global markets, according to a report by Bloomberg.
Oil markets are increasingly converging on a view that crude prices will remain capped near $100 a barrel over the next year, as supply disruptions linked to the US-Iran war collide with expectations of slower demand growth and offsetting market adjustments, according to a report by Bloomberg.
Wendy’s has named former company executive Robert Wright as chief executive officer, a leadership change that comes amid reports that activist hedge fund Trian Fund Management is exploring a take-private deal for the restaurant chain, according to a report by the Wall Street Journal.
Hedge funds increased exposure to leading technology names during April’s equity rally, reinforcing a risk-on stance despite ongoing geopolitical uncertainty and elevated market volatility, according to treasury and liquidity management provider Hazeltree.
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