London-based activist hedge fund firm Parvus Asset Management has increased its holding in budget airline Ryanair to over 7% from around 6%, with the acquisition of an additional €230m worth of shares, according to a report by The Irish Times.
Liquid Alternatives News
Visible mentors and focused recruitment: Pictet’s Trudi Usher Boardman on tackling unconscious bias
For International Women’s Day this year, Hedgeweek spoke to Trudi Usher Boardman, Head of Hedge Funds at Pictet Alternative Advisors, and Hedgeweek’s sister title Private Equity Wire spoke to Meryem Bensaid, a Principal at Blackstone.
HK hedge fund Infini secures Abu Dhabi approval
Infini Capital Management, a Hong Kong-based multi-strategy hedge fund firm, has been granted in-principle approval from the Abu Dhabi Financial Services Regulatory Authority (FSRA) to open an office in the Abu Dhabi Global Market (ADGM).
Are Multi-Strat Hedge Funds Dead Money?
There’s a decent chance that multi-strategy hedge funds – the shining stars of the hedge fund firmament — will underperform cash over the next five years. To be clear, we have no special information here – just a tad of experience and a sense of déjà vu. What’s bothering us? More assets, bloated fees and […]
Finding the holy grail of investing: Understanding alternative risk premia
Recent market reckonings have led to a renewed focus on identifying investment strategies that can better deliver optimally diversified portfolios to weather financial storms and provide more balanced growth.
Paul Marshall invests further £41m in GB News following sharp losses
British broadcaster GB News, which is jointly owned by hedge fund giant Sir Paul Marshall and Dubai-based private investment firm Legatum via holding company All Perspectives, posted a £42.4m loss, forcing its owners to provide a further £41m in funding to cover operating costs, according to a report by the Financial Times.
Hedge funds to benefit from bets on FTX claims
A number of distressed debt investors, including Attestor, Farallon Capital and Oaktree Capital, are set to benefit from bets that creditors of FTX Capital will recover more than expected, following the collapse of the cryptocurrency exchange.
DE Shaw betting on blind pools of bank risk
DE Shaw is one of a number of hedge funds buying exposure to blind pools of risk being sold by banks to reduce their regulatory burden, in the form of credit-linked notes that transfer the risk to the buyer in exchange for a coupon payment, according to a report by Bloomberg.
Millennium’s commodities bets earned $600m in 2023
Commodities investments at Izzy Englander’s Millennium Management earned the multi-strategy major a solid $600m last year, but still far behind the bumper $4bn return for the asset class seen at rival Citadel, according to a report by Bloomberg.
Eisler Capital to raise up to $1.5bn and increase PM headcount
London-based multi-strategy hedge fund Eisler Capital plans to raise between $1bn and $1.5bn of capital and increase its Portfolio Manager headcount to between 120 and 125 this year, according to a report by the Financial Times citing people familiar with the matter.
Man Group profit halves as assets swell to record $167.5bn
Profits at London-based Man Group, the world’s largest listed hedge fund firm, more than halved last year, as AUM hit a record $167.5bn, an increase of 17% from the $143.3bn reported for 2022.
Ex-Clean Energy Transition Partner to launch long-short green economy fund
Nishant Gupta, a former Partner at Clean Energy Transition, the London-based hedge fund firm spun out of Lansdowne Partners by Per Lekander two years ago, is gearing up to launch a new long-short equity fund focused on the green economy, according to a report by Reuters.
Currys rejects improved Elliot bid amid rival offer rumours
Activist US hedge fund firm Elliott Investment Management has had a second improved offer to acquire Currys rejected by the board of the UK electrical and electronics retailer, amid rumoured interest from other potential suitors, according to a report by ThisIsMoney.
Capital markets union: Council adopts new rules on alternative investment fund managers and plain-vanilla EU investment funds
Today, the Council adopted new rules to improve European capital markets and strengthen investor protection in the EU. The directive adopted today amends the alternative investment fund managers directive, which governs managers of hedge funds, private equity funds, private debt funds, real estate funds and other alternative investment funds in the EU.
Positive performance seen across most hedge fund strategies, says Citco
Some 88% of hedge funds have so far seen positive returns from across most strategies in 2024, building on 2023’s double-digit returns, according to the latest monthly report on hedge funds from Citco, the $1.8tn global alternative investment asset servicer.