Activist investor Jana Partners is pressing theme park operator Six Flags Entertainment to explore a potential sale and overhaul its board leadership, according to a report by Reuters citing a letter sent to the company’s directors.
Quant hedge fund Voloridge Investment Management is planning a major headcount boost after agreeing a deal to expand its HQ through the $57.6m acquisition of several properties at the Harbourside Place waterfront development in Jupiter, Florida, according to a report
Quilter has launched the Quilter Investors Long-Short Equity Fund, appointing JP Morgan Asset Management to manage the mandate. The strategy is designed to generate positive returns by focusing on companies connected directly or indirectly to consumer activity.
Qube Research and Technologies has bolstered its options business with the hire of Beat Ammon, formerly head of options market making at Hudson River Trading amid interest in his services from rival top-tier firms, according to a report by eFinancial
New York-based hedge fund Alphadyne Asset Management has hired former Nomura rates trader William Johnson, who left the Japanese bank last year after a 16-year tenure, to its team in London, according to a report by eFinancial careers.
Global hedge funds have been selling and shorting shares across banks, insurers, fintech firms, and trading companies, making financials the most heavily sold sector this year, according to a a report by Reuters citing a client note from Goldman Sachs.
Millennium Management has withdrawn its $1bn allocation from Scopia Capital Management, just over a year after committing the capital to the equity long-short hedge fund, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Davidson Kempner Capital Management has warned that financial stress across the private capital industry is deeper than many on Wall Street recognise, with a “substantial portion” of private equity firms already under pressure, according to a report by the Financial
Palliser Capital (UK) Ltd says South Korean investors are becoming increasingly receptive to foreign-led shareholder activism, with local stakeholders showing more willingness to challenge management at family-controlled conglomerates, according to a report by Reuters.
Oaktree Capital Management is preparing to acquire control of a US life insurer as part of a restructuring linked to the collapse of Miami-based investment firm 777 Partners, according to a report by the Financial Times.
