Intelligence
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Intel
Millennium Management, the $79bn multi-strategy hedge fund led by Izzy Englander, has sold a 15% minority stake in its management company for about $2bn, valuing the firm at roughly $14bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
Intel
Ananym Capital has intensified its campaign urging LKQ Corporation to sell its European business, arguing that a divestiture would unlock shareholder value and fund substantial share buybacks, according to a report by Reuters.
Intel
Multi-strategy hedge fund major Millennium Management is raising $5bn for a new vehicle focused on private-market opportunities, marking a significant expansion beyond its traditional focus on liquid assets, according to a report by Bloomberg.
Intel
Hedge funds posted a 5.2% return in Q3, led by global macro strategies, as all major strategy types finished the quarter in positive territory, putting the industry on course for its strongest calendar year since 2020, according to Citco.
Intel
HSBC Holdings is conducting a review of its relationships with hedge funds and smaller banks active in private credit markets, as concerns grow over potential contagion following a series of corporate defaults, according to a report by Bloomberg.
Insight
In Alternative Views, Hedgeweek goes behind closed doors with those in the know to get the latest on hedge funds. In this episode we discuss evolving hedge fund strategy during a period of AI application and economic uncertainty with Roger Hilty, Partner and Co-Head Liquid Markets Multi-Manager at LGT Capital Partners – a global specialist in alternative investing with over $110bn in assets under management.
Insights Report
Our latest survey of over 100 hedge funds and allocators reveals a striking paradox: three-quarters of funds turbocharged their strategies in just 18 months, yet every fund aggressively expanding hits the same wall – technology that can’t match their ambition. Meanwhile, allocators keep raising the bar – demanding niche, uncorrelated strategies whilst insisting on institutional-grade infrastructure. This report examines what’s really driving this transformation and how, while smaller managers cling to single-asset systems, leaders are racing to build unified platforms that handle today’s complexity and tomorrow’s growth.
Intel
Nelson Peltz’s activist hedge fund Trian Partners and technology-focused investor General Catalyst have submitted a $7.2bn takeover proposal for London-based asset manager Janus Henderson, according to a report by Reuters.
Intel
Hedge funds have raised their exposure to artificial intelligence-linked technology hardware to the highest level since Goldman Sachs began tracking the data in 2016, according to a report by Bloomberg citing a client note from the bank.
Intel
Bill Ackman’s Pershing Square Holdings Ltd has returned to the US investment-grade market for the first time since 2021, raising $500m through a new seven-year dollar bond issued on Thursday, according to a report by Bloomberg.
