London-based activist hedge fund Bluebell Capital Partners has set its sights on BlackRock, the world’s largest asset manager, with a proposal to oust Larry Fink, the company’s Founder, from his position as Chairman, according to a report by the Wall Street Journal.
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Activist investor Oasis Management targets Molton Brown owner Kao Corp
Hong Kong-based activist hedge fund Oasis Management has set its sights on Japanese cosmetics and skincare company Kao Corporation, whose brands include Molton Brown and Curél, by urging the company to divest underperformers from its portfolio.
LGIM launches new Short-Term Alternative Finance Fund
Legal & General Investment Management (‘LGIM’), one of Europe’s largest asset managers and a major global investor, launches a new Short-Term Alternative Finance Fund (‘the Fund’) which will sit on a newly launched RAIF platform (a Luxembourg domiciled umbrella fund platform), in response to growing interest from investors.
Disney claims victory in boardroom battle with activists Trian and Blackwells
Disney’s claims are “based on the tabulation of its proxy solicitor”, according to a press statement, although final voting tallies are subject to certification by the company’s independent inspector of elections. Preliminary and final results will be included in the company’s reports to be filed with the Securities and Exchange Commission in the coming days.
Citadel’s flagship fund posts 5.75% Q1 gain
The reports cites unnamed sources familiar with the matter as revealing that Citadel Global Equities and the firm’s Tactical Trading fund performed even better than Wellington with gains of 6.3% and 7.6%, respectively, in the first three months of the year.
Argentina secures dismissal of hedge fund bond suits
Law suits brought by Aurelius Capital Management and other hedge funds seeking payments on securities linked to the performance of Argentina’s economy, have been dismissed by a federal court in Manhattan, according to a report by Bloomberg.
Top 8: Diese Hedgefonds-Manager verdienten 2023 am meisten Geld
2023 lief es nicht so gut für die erfolgreichsten Hedgefonds-Manager wie im Vorjahr. Einer überflügelte allerdings die Konkurrenz und sicherte sich die Spitzenposition – so die 23. „Rich List“ des Magazins „Institutional Investor“. Die Rangliste basiert auf einer Kombination aus Gebühreneinnahmen und Gewinnen aus eigenen Kapital.
Prognose von Goldman Sachs sieht Trendwende zulasten von Hedgefonds und zugunsten des Kryptomarkts
Der Kryptomarkt hat in den letzten drei Monaten einen unglaublichen Aufschwung erlebt, der darin gipfelte, dass Bitcoin (BTC) ein neues Allzeithoch von fast 75.000 US-Dollar erreichte.Es fogte eine Korrektur, doch beim Schreiben dieses Artikels ist Bitcoin nach einem Anstieg von 9 % in den letzten 7 Tagen wieder über 70.300 $ geklettert. Damit ist der […]
Hedge fund launches down in Q4
New hedge fund launches fell while liquidations were steady in Q4 to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels, according to the latest HFR Market Microstructure Report.
Investors pulled $1bn from ExodusPoint in 2023
Clients of ExodusPoint Capital Management, the $12bn multi-strategy hedge fund firm founded by Michael Gelbrand, pulled about $1bn in funds from the New York-based firm during 2023, the second straight year of withdrawals, according to a report by Bloomberg.
Andurand’s riskiest hedge fund up 20% after record loss in 2023
Oil trader Pierre Andurand’s riskiest hedge fund, the Andurand Commodities Discretionary Enhanced hedge fund, has bounced back following a record 55% loss in 2023, gaining 20% so far this year, according to a report by Bloomberg.
Studie: Institutionelle Investoren erhöhen Druck auf Asset Manager
Laut einer Studie der Carne Group sind sich fast alle institutionelle Investoren einig, dass sie in den vergangenen Jahren mehr Druck auf Fonds ausgeübt haben. Außerdem lagern die Großanleger mehr Dienstleistungen aus – auch wegen regulatorischen Drucks.
Silver to shine as record gold run slows
With the price of gold having hit multiple record highs in recent weeks, hedge fund managers are now beginning to turn their attention to silver as the next potential precious metal momentum play, according to a report by Kitco.
Hedge funds up activity in crypto options, says Goldman
The approval of ten new spot bitcoin ETFs in the United States in January has prompted an upsurge in hedge fund “interest and activities” in cryptocurrency markets, according to a report by Bloomberg citing Max Minton, Asia Pacific Head of Digital Assets at Goldman Sachs.
Goldman Sachs raises over $700m for hedge fund co-investment fund
Goldman Sachs Group’s asset management arm has raised over $700m in capital commitments for Union Bridge Partners I, a new opportunistic co-investment strategy that will focus on making investments alongside hedge funds and private credit firms.