Latest News
Hedge fund investor flows climbed to their highest level in 12 months in August, with net subscriptions continuing to rise despite heightened inflation concerns, geopolitical risks and broader market volatility, according to SS&C Technologies.
Bill Ackman’s Pershing Square is preparing to launch a new investment vehicle designed to give investors access to privately held companies before they reach public markets, extending the firm’s expansion beyond its traditional concentrated public-equity strategy, according tp a report by Bloomberg.
Bill Ackman has made his biggest portfolio overhaul in years, adding six companies to Pershing Square’s holdings as the billionaire investor broadens his exposure to businesses he expects to deliver strong earnings growth, according to a report by Reuters.
Australian investment firm L1 Group is backing former L1 Capital analyst Andrew Lin as he prepares to take his hedge fund strategy to external investors, in the firm’s first new investment partnership since 2021, according to a report by the Financial Standard
Northern Star Resources has rejected activist investor Elliott Investment Management’s proposal to install six new directors, arguing that the hedge fund’s demands would undermine proper corporate governance, according to a report by Northern Miner.
Ken Griffin’s Citadel is imposing non-compete periods of up to two years on some investment professionals, including analysts, as the multi-strategy hedge fund takes an increasingly aggressive approach to retaining talent and protecting its investment strategies, according to a report by Bloomberg.
Activist investor Cevian Capital is calling for a substantial increase in remuneration for non-executive directors at UK-listed companies, arguing that better pay and greater share ownership are needed to attract stronger boardroom talent and help reverse the decline of the London equity market, according to a report by the Financial Times.
Brevan Howard has hired Goldman Sachs vice president Carlos Licon as a portfolio manager in New York, adding an emerging-markets macro specialist to its growing investment team, according to a report by eFinancial Careers
Nelson Peltz’s activist investment firm Trian Fund Management is putting together a consortium of investors to pursue a potential take-private deal for Wendy’s, according to a report by Reuters citing an unnamed person familiar with the plans.
OptionMetrics has made its suite of historical and intraday options data and analytics available through Snowflake’s private cloud marketplace, allowing investors and quant researchers to access and analyse derivatives data without maintaining their own storage infrastructure.
