Activist hedge fund Oasis Capital Management has delivered an ultimatum to London-listed The Restaurant Group (TRG) - the owner of the Wagamama and Frankie & Benny's casual dining chains, demanding either a company overhaul or the removal of CEO Andy Hornby, according to a report by the Financial Times.
Polpo Capital Management, a New York hedge fund founded by Daniel McNamara, is betting against the US commercial property market, having notched up a 119% gain with a short debt linked to US shopping malls, according to a report by Bloomberg.
A client note issued by JP Morgan on Thursday has warned that the current hedge fund appetite for European equities may wane on the back of continued rising interest rates and further bond market troubles, according to a report by Reuters.
Angelo Gordon, a $53 billion alternative investment firm focused on credit and real estate investing, has expanded its distressed and corporate special situations platform by raising $1.3 billion the AG CSF2A (Annex) Dislocation Fund.
The Prime Meridian Special Opportunities Fund, which invests in the insurance, litigation and specialty credit sectors, has been ranked as by BarclayHedge as the No1 performing hedge fund by compounded annualised return, in the Fixed Income - High Yield category for 2022.
Zodia Custody (Ireland) Limited has been registered as a Virtual Asset Service Provider by the Commission de Surveillance du Secteur Financier and can now provide virtual asset services for financial institutions in Luxembourg.
Hedgeweek has announced the winners of the Hedgeweek European Awards 2023, which recognise excellence among fund managers and service providers in Europe across a wide range of categories.
Millennium Management, the hedge fund founded by Izzy Englander, has changed its investor terms so that clients will now always be charged a minimum management fee, even if the fund loses money, according to a report by Bloomberg.
Goldman Sachs' latest prime services weekly report shows that the gross exposure of hedge funds – the combined sum of their long and short positions – hit its highest level in a year last week, indicating that they are increasingly using leverage in their stock market wagers, according to a report by Reuters.
A global slowdown in mergers and acquisitions has prompted activist hedge funds to adopt a new tactic as they look to profit from their investments – agitating for changes in company leadership, according to a report by Reuters.