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Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy battles in years, according to a report by The Financial Times.
Intel
TOP STORY: Hedge funds and brokerages have new requirements from the Securities and Exchange Commission to centrally clear far more of their US Treasuries trades in a structural overhaul for the $26tn market, according to a report by Bloomberg.
Intel
TOP STORY: Citadel, the hedge fund run by billionaire Ken Griffin, is planning to give back about $7 billion in profits to investors after a year of double-digit returns, according to a report by Reuters. The report cites sources familiar with the matter as confirming the $7bn returns.Â
TOP STORY: Boaz Weinstein, the founder and chief investment officer of Saba Capital Management, has won a lawsuit against asset manager BlackRock over the control of a group of closed-end funds, according to a report by Observer.Â
Intel
TOP STORY: Freestone Grove Partners, a to- launch hedge fund run by Citadel alum Todd Barker, has raised $3.5bn, for what is being termed as an ‘anti-pod’ manager. Debuting in January ’24, the fund will invest across six sectors, according to a report by Bloomberg.
Intel
According to Man Group CEO, Robyn Grew, not a client discussion has gone by this year without the subject of AI coming up. The hot topic was discussed at a media roundtable at Man’s London HQ this week with the firm’s top technologists discussing the power, but also limitations, of artificial intelligence in their business.Â
Event
Key decision-makers at Europe’s largest hedge fund managers are to meet in London next year at The Hedgeweek European Leadership Summit 2024. Taking place on Thursday, 29 February, the highly anticipated event – now in its third year – will bring together senior executives from established hedge fund firms to delve into the critical issues shaping the industry. Â
Intel
TOP STORY: France is looking to attract more hedge funds and banks to Paris as part of a new plan to raise the standing of the city as a European Union finance hub, according to a report by Bloomberg. The initiative is aiming to build on an initial wave of post-Brexit relocations.
Intel
TOP STORY: Palliser Capital, the hedge fund firm founded by James Smith, the former head of Elliott Management Corp’s operations in Hong Kong, is agitating for a raft of changes at Samsung C&T, the effective holding company of South Korean conglomerate Samsung Group, according to a report by Reuters.
Blackwells Capital, the activist hedge fund firm founded by Jason Aintabi, is gearing up to challenge for a change in boardroom personnel at US fast-food dining chain Wendy’s Co, according to a report by Reuters.
