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TOP STORY: Activist investment firm Elliott Investment Management has escalated its battle with Southwest Airlines by calling for a special meeting to vote on new board members after nominating eight new candidates who could potentially reshape the airline’s strategy, according to a report by Bloomberg.
Intel
Hedge funds have exited bearish positions on Brent crude at the fastest pace in nearly eight years, amid heightened geopolitical risks from the escalating conflict in the Middle East, according to a report by Bloomberg citing data from ICE Futures Europe.
Partner Content
By Zach Adda (pictured), North America Head of Customer Solutions, & Madeleine Corneli, Lead Product Manager AI/ML, Exasol – The opportunity to use data to find an edge and deliver new sources of alpha has never been greater. At the same time, the data challenge facing hedge funds is vast. So how can hedge funds capitalize on this opportunity most effectively, and how can a firm efficiently manage the datasets available and process them through their models in a timely manner? Exasol has the answers…
A growing number of traditional hedge funds are venturing into the world of cryptocurrencies, with nearly half now having exposure to digital assets, according to a new survey by the Alternative Investment Management Association and PwC.
Awards
Hedgeweek has announced the winners of the US Awards 2024, which recognise excellence among fund managers and service providers in the US across a wide range of categories. The awards were presented at an exclusive ceremony and networking event on 10 October, at The Penn Club, New York.
Intel
Two former Pfizer executives have stepped back from hedge fund Starboard Value’s campaign to push for changes at the pharmaceutical giant after previously advocating for the activist investor’s efforts, according to a report by the Financial Times.
Intel
Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
Intel
Activist hedge fund firm Starboard Value has built a $1bn position in Pfizer and is planning to push for strategic changes at the pharmaceutical giant as the company grapples with declining post-pandemic revenues, according to a report by the Wall Street Journal.
Intel
Hedge funds shifted to a bullish stance on the yen just before dovish comments from Japan’s new prime minister and strong US employment data triggered the worst weekly decline for the currency since late 2009, according to a report by Bloomberg.
Intel
Emerging markets hedge funds extended gains through Q3 2024, as managers positioned portfolios to navigate shifting geopolitical risks, fluctuating interest rates, and global economic uncertainties, according to data from HFR.
