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Intel
New multi-strategy hedge fund launches took a big tumble in the first three months of the year, accounting for less than 10% of all new funds and down from about 25% in the last quarter of 2023, according to a report by Reuters.
Intel
Elliott Investment Management, the activist hedge fund firm led by Paul Singer, holds an approximately $1bn stake in Anglo American, the UK-listed mining company that is the subject of an unsolicited takeover bid from Australia’s BHP Group, according to a report by Bloomberg.
Intel
The controversial cum-ex trades that allegedly defrauded the Danish tax authorities of £1.4bn were “completely legal”, according to Sanjay Shah, the founder of hedge fund firm Solo Capital Partners and the man accused of masterminding the scheme, according to a report by Bloomberg.
Intel
Soaring cocoa prices and a slump in the Japanese yen are among several financial market trends that have helped computer-driven quant hedge funds to rack up strong returns in the first quarter of the year, according to a report by the Financial Times.
Intel
JANA Partners, the activist hedge fund firm founded by Barry Rosenstein, has written a letter to Wolfspeed, the world’s largest manufacturer of silicon carbide, to consider all options for improving shareholder value including a sale of the company, according to a report by Reuters.
Insights Report
April 2024 | This data-led report provides an update on the rebounding hedge fund launch market. With 2024 set to be a historic year for new hedge fund launches, as an unprecedented number of well-pedigreed managers starting up, Hedgeweek selects the Top 20 prospects and analyses the wider environment facing new hedge funds – from ops to fundraising, strategy considerations to performance. Get all the intel, plus insights from the sector’s leading firms, in this exclusive Hedgeweek special report, sponsored by Marex.
Intel
Global hedge fund industry assets increased for the sixth successive quarter in Q1 2024, hitting a record $4.3tn on the back of strong performance and investor inflows, according to the latest figures from industry data provider HFR.
Intel
Man Group, the world’s largest listed hedge fund firm, saw investors pull more than $1.6bn (£1.29bn) from its funds during the first three months of 2024, its second straight quarter of redemptions following outflows of $300m in Q4 2023, according to the group’s Q1 results.
Intel
A period of poor performance has prompted macro hedge fund major Brevan Howard to embark on a strategic cost cutting exercise which will see the Jersey-headquartered firm axe around 100 traders and middle and back-office staff, according to a report by Bloomberg.
Intel
Multi-strategy major Millennium Management and Boston-based systematic global equity manager Arrowstreet Capital are among a number of hedge funds shorting the assets of UK water companies, after a crisis at Thames Water highlighted high debt levels across the industry, according to a report by Bloomberg.
