Liquid Alternatives News

RTW Investments, a $6.5bn hedge fund focused on investment in the life sciences sector, is under investigation by the Securities and Exchange Commission (SEC) for its role in a contentious proxy fight involving medical technology company Masimo Corp, according to a report by Bloomberg.

Diego Megia, a former senior money manager at Millennium Management, is set to expand his hedge fund, Taula Capital Management, by raising an additional $1bn following the firm’s $5bn launch earlier this year, one of the largest in hedge fund history, according to a report by Bloomberg.

Millennium Management, one of the world’s largest multi-strategy hedge funds, is channelling approximately $1.8bn into two investment teams as part of a strategy to deploy capital both within and outside its organisation, according to a report by Bloomberg.

Global hedge funds accelerated their exit from US electric and water utility stocks last week, marking the fastest pace of sales in two months, while heavily investing in US materials stocks, according to a report by Reuters citing a recent note from the prime brokerage desk at Goldman Sachs.

Activist investment firm Gatemore Capital Management has used the 2024 Sohn London Investment Conference to publicly call on YouGov, a market research and data analytics company, to initiate a sale process to unlock shareholder value.

Spain’s High Court has launched an investigation into US-based hedge fund Gotham City, accusing it of disseminating “misleading” information about Spanish pharmaceutical firm Grifols, which triggered a sharp decline in the company’s stock price, according to a report by AFP.

Citadel founder Ken Griffin is open to the future sale of a minority stake in the multi-strategy hedge fund firm, according to a report by Reuters citing remarks made by the 56-year-old at the Economic Club of New York on Thursday.

Redwood Capital Management, an opportunistic credit-focused hedge fund with $9.4bn in assets under management, is preparing to raise $2.25bn for a new distressed debt drawdown fund, according to a report by Bloomberg.

Hedge fund performance dipped marginally (-0.4%) in October ending a run of positive returns that stretched back to May, with a number of strategy types experiencing declines, according to the latest Monthly Hedge Fund Update from Citco.

US hedge funds have shifted their strategies, becoming net sellers of equities linked to the so-called “Trump trade,” according to a report by Reuters citing recent data released by the prime brokerage division at Morgan Stanley (MS).

Bridgewater Associates, one of the world’s largest hedge funds, is teaming up with State Street Global Advisors (SSGA) to bring its investment strategies to retail investors, marking a significant shift in its approach to the market, according to a report by the Financial Times.

Billionaire hedge fund manager Ken Griffin has voiced apprehensions about Donald Trump’s approach to tariffs, labelling them a “slippery slope” with potentially harmful long-term consequences for US businesses, according to a report by Bloomberg.

Activist hedge fund ValueAct Holdings has significantly increased its stake in Meta Platforms, acquiring 211,500 additional shares, worth $121.07m, during the third quarter of 2024, according to the firm’s latest 13F filing.