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Activists have chosen their past targets well, with their campaigns helping to produce above-market shareholder returns, according to the latest Activist Alert from global professional services firm Alvarez & Marsal (A&M).
Intel
Former Millennium Management executive Bobby Jain is offering steep fee discounts to investors ahead of the launch of Jain Global, which is widely expected to be the largest hedge fund debut ever, in July this year, according to a report by Bloomberg.
Intel
Bridgewater Associates’ flagship macro hedge fund, the Pure Alpha II Fund, saw 7.5% of YTD gains wiped out in the final two months of last year to finish 2023 with a 7.6% decline, according to a report by Bloomberg.
Intel
Ken Griffin’s Citadel outperformed several big name multi-strategy rivals, including Millennium Management and Eisler Capital, in a challenging 2023, chalking up a 15.3% return for its main Wellington hedge fund, according to a report by Reuters.
Intel
Discovery Capital Management, the hedge fund firm led by ‘Tiger cub’ Rob Citrone, recorded a 48% return with its macro hedge fund in 2023, making it one of the top performers among funds betting on economic trends, according to a report by Bloomberg.
Intel
TOP STORY: A surge in the price of raw uranium to 16-year highs has prompted tens of hedge fund firms to begin buying and stockpiling barrels of the raw nuclear power fuel, according to a report by the Daily Telegraph.
Activist investor Ancora Holdings is preparing to challenge for seats on the board of directors of Harmonic, in a push to get the streaming equipment company to divest its video business faster, according to a Reuters report.
Intel
Emerging Markets hedge funds surged in late 2023 on falling inflation, interest rates, and a weakening US dollar, with EM hedge funds having successfully navigated both macroeconomic and geopolitical challenges over the past 18 months.
Intel
TOP STORY: FTSE 100 has opened higher after festive break, with miners on the front foot, according to a timely report by Hargreaves Lansdown.
Intel
Billionaire Michael Platt’s hedge fund-turned family office BlueCrest Capital has largely lost a legal battle at the Court of Appeal in London, meaning that partners at the firm are now are liable to pay a higher rate of tax on part of their remuneration, according to a report by the FT.
