Skechers USA has reportedly increased its offer to hedge funds and other institutional investors challenging the valuation of the company’s $9.4bn take-private acquisition by 3G Capital, as litigation surrounding the deal continues in Delaware, according to a report by Bloomberg.
Volatility-focused hedge fund firm QVR Advisors is closing its investment fund and seeking to sell its management business after a sharp downturn in performance and sustained investor withdrawals, according to a report by Bloomberg.
Odey Asset Management founder Crispin Odey has settled a series of civil personal injury claims relating to allegations of sexual assault, bringing to a close another major legal dispute involving the former fund manager, according to a report by the
Morgan Stanley has upgraded its outlook for US equities, citing stronger-than-expected corporate earnings and continued economic resilience as key drivers behind its increasingly constructive stance on the market, according to a report by Bloomberg.
Citadel’s decision to ask some members of its Hong Kong-based global quantitative strategies (GQS) team to relocate was part of a global strategy to bring teams closer together and not related to concerns over data security, as claimed in a
Trian Fund Management, led by activist investor Nelson Peltz, is seeking external financing partners for a potential bid to take fast-food chain Wendy’s Company private, according to a report by the Financial Time citing unnamed people familiar with the discussions.
Quantitative hedge fund Capital Fund Management has opened a new office in Shanghai, marking a further step in the firm’s expansion into China as its assets under management rise above $27bn, according to a report by Bloomberg.
Hong Kong-based Pamalican Asset Management Ltd has vacated space in one of the city’s most high-profile office buildings, The Henderson, roughly a year after its early backing from Millennium Management was withdrawn, according to a report by Bloomberg.
Millennium Management has hired a Sameer Buch (pictured) a senior equities business development executive from rival hedge fund Schonfeld Strategic Advisors in London, as the firm continues to expand its equities platform in Europe, according to a report by eFinancial
Marex Group plc has launched a new Relative Value Execution desk aimed at supporting hedge funds and institutional clients executing increasingly complex fixed income and futures strategies amid heightened volatility and fragmented liquidity conditions.
