Losses incurred from failed bets on telecom network Altice have prompted multi-strategy major Millennium Management to liquidate wagers made by Portfolio Manager and credit trading specialist Jason Feasey, according to a report by Bloomberg.
Switching holdings from bitcoin and ether to solana and other ‘minor’ cryptocurrencies helped digital assets hedge fund firm Pantera Capital’s roughly $300m Liquid Token Fund record a 66% Q1 return, according to a report by Bloomberg.
London-based activist hedge fund Bluebell Capital Partners has set its sights on BlackRock, the world’s largest asset manager, with a proposal to oust Larry Fink, the company’s Founder, from his position as Chairman, according to a report by the Wall Street Journal.Â
The Walt Disney Company says its full slate of 12 directors was elected by a substantial margin over the nominees of activist hedge funds Trian and Blackwells at the entertainment giant’s 2024 annual meeting of shareholders on Wednesday.
Multi-strategy major Citadel saw positive performance across all of its investment strategies in the first quarter of the year, with the firm’s flagship investment vehicle, the Wellington fund, posting a 5.75% gain, according to a report by Reuters.
Lawsuits brought by Aurelius Capital Management and other hedge funds seeking payments on securities linked to the performance of Argentina’s economy, have been dismissed by a federal court in Manhattan, according to a report by Bloomberg.
New hedge fund launches fell while liquidations were steady in Q4 to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels, according to the latest HFR Market Microstructure Report.
Clients of ExodusPoint Capital Management, the $12bn multi-strategy hedge fund firm founded by Michael Gelbrand, pulled about $1bn in funds from the New York-based firm during 2023, the second straight year of withdrawals, according to a report by Bloomberg.
Oil trader Pierre Andurand’s riskiest hedge fund, the Andurand Commodities Discretionary Enhanced hedge fund, has bounced back following a record 55% loss in 2023, gaining 20% so far this year, according to a report by Bloomberg.