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As the festive trading period draws to a close, investor focus has turned to the highly anticipated retail performance updates in early January, with hedge funds eyeing the retail sector for potential profits after warnings of “disastrous” pre-Christmas trading conditions, according to a report by the Financial Times.
Intel
Pershing Square Holdings, a £11.9bn investment trust managed by Bill Ackman, has doubled its share buyback programme to $200m (£159m) as it seeks to address a persistent 34% discount on its shares, according to a report by Citywire.
Intel
Richard Northridge, a former portfolio manager at Citadel, has secured $1bn from Marshall Wace to trade for its flagship hedge fund, according to a report by BNN Bloomberg citing an investor letter.
Intel
Crypto-focused hedge funds have outperformed the broader hedge fund industry’s 10% growth, achieving strong returns of 46% in November and 76% YTD, with Brevan Howard Asset Management and Galaxy Digital among the biggest winners, according to a report by the Financial Times citing data from Hedge Fund Research.
Intel
Hedge fund manager Boaz Weinstein has called on shareholders of seven UK investment trusts to revamp their boards due to underperformance, proposing his firm, Saba Capital, as replacement manager, according to a report by the Financial Times.
Intel
Asian hedge funds, including Hong Kong-based Monolith Management, are increasing their bets on Chinese tech giants including Xiaomi and Baidu, drawn by AI advancements despite the looming threat of stricter US export controls on advanced chips, according to a Reuters report.
Intel
Five-year-old London-based activist investor Bluebell Capital Partners is shutting down after struggling to grow its investor base and is now returning capital to its external investors, according to the Financial Times, citing co-founder Marco Taricco.
Intel
Hedge funds and leveraged investors have scaled back their bearish positions on US five-year Treasury futures, bringing net short positions to their lowest level since July, according to a report by Reuters citing the latest Commodity Futures Trading Commission (CFTC) data.
Intel
Dan Loeb’s hedge fund, Third Point, is actively evaluating “credible strategic options” as part of a strategic review announced earlier this year to address a significant discount between its share price and the value of its underlying assets amid pressure from activist investors.
INSIGHTS REPORT
This data-driven Hedgeweek report, sponsored by Marex, explores investor sentiment towards hedge funds and other alternative investment strategies as we move into 2025. Which strategies are attracting the most interest and what are the key driving forces for LPs as they weigh up their asset allocation decisions?
