Hedge Fund Industry News
A collection of Hedge Fund latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Steve Cohen Relinquishes President Title at His Point72 Hedge Fund
Point72 Asset Management founder Steve Cohen is creating an executive committee to help him lead the firm's strategy and direction, becoming the latest hedge fund billionaire to broaden leadership ranks. While retaining the roles of chairman and…
Avis Takes Aim at Hedge Fund Pentwater After Stock's Boom, Bust
Avis Budget Group Inc. 's chief executive officer lashed out at one of the car-rental company's biggest investors, claiming it likely triggered the steep stock-price plunge last week and may have run afoul of Securities and Exchange Commission…
$1.1 billion Paloma Partners is cutting staff, including its strategy and marketing execs, following a business revamp
Paloma Partners is cutting nearly a dozen personnel, including its strategy and marketing execs, according to people familiar with the matter. The staff reductions follow a broad revamp of the multistrategy hedge fund, founded decades ago by Donald…
Ackman Ties $9 Billion Fortune to Public Markets With IPO
It's been a bumpy road, but Bill Ackman is one step closer to his ambition of emulating Warren Buffett. The outspoken hedge fund manager raised $5 billion this week in the country's largest-ever closed-end fund listing, giving him a more permanent…
Bill Ackman's Pershing Square USA tumbles 18% in its stock-market debut
Pershing Square USA had a tough first day of trading, falling double digits during Wednesday's session. The IPO marked Bill Ackman's public trading trading debut. The hedge fund legend has been vocal about his aspirations to operate a fund like…
Meet Steve Cohen's new executive committee as Point72 hits $50 billion
Point72 Asset Management is forming a new executive committee to oversee the hedge fund's increasingly sprawling empire. Billionaire founder Steve Cohen — the chairman, CEO, and co-CIO of the firm — told staff in an internal memo…
WisdomTree Japan Hedged SmallCap Equity Fund (NASDAQ:DXJS) Stock Price Crosses Above 50 Day Moving Average - Here's Why
WisdomTree Japan Hedged SmallCap Equity Fund (NASDAQ:DXJS - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $55.08 and traded as high as $55.1099.
Last Beefeater and Brewers Fayre restaurants to close, with loss of 3,800 jobs, Premier Inn owner says
Premier Inn owner Whitbread is to cut about 3,800 jobs in the UK and Ireland and shut its remaining Beefeater and Brewers Fayre restaurants as it resets its five-year business strategy, amid tax rises and pressure from a US activist investor. The…
Bill Ackman Bought Pershing Square Shares in First Trading Day
Bill Ackman bought shares of his asset management company and alternative asset manager in the open market on Wednesday, supporting the shares in their debut following a $5 billion combined IPO. The hedge fund billionaire bought 500,000 shares of…
Boaz Weinstein Set to Triumph in Fight for Baillie Gifford Trust
Boaz Weinstein is set to win a vote to oust the board of a Baillie Gifford & Co. trust that placed an early bet on SpaceX, the activist investor's biggest win in his long campaign targeting British investment trusts. A proposal by Weinstein's Saba…
Boaz Weinstein's activist investor Saba seizes control of UK tech fund after bitter SpaceX feud
Boaz Weinstein's Saba Capital is set to claim victory in its long-running campaign to oust the board of Edinburgh Worldwide Investment Trust. The bitter dispute centered around the tech-focused closed-end fund's discounted NAV, as well as its stake…
Spectator owner's son calls for mine-laden 'floating wall' to stop Channel crossings
The son of the Spectator owner, Paul Marshall, has said Britain should construct a mine-laden “floating wall” to stop small boat crossings on the Channel. Winston Marshall, a former member of the band Mumford & Sons who is…
Medpace Holdings Inc. (MEDP): Bares Capital Trims Stake
We just covered the 10 Best Small-Cap Value Stocks to Buy According to Bares Capital and Medpace Holdings, Inc. (NASDAQ:MEDP) ranks 6th on this list. Medpace Holdings, Inc. (NASDAQ:MEDP) is a relatively recent addition to the 13F portfolio of Bares…
Moody's Corporation (MCO) Stock Forecasts
A large cap Financial sector company, Moody's provides credit ratings on over 33,000 entities. Its analytics division provides clients with financial analysis and risk management services. The stock is a component of the S&P 500. T Exclusive…
Markets are still underpricing Iran war risks, investors warned as oil fluctuates around four-year high
Fresh concerns about the trajectory of the U.S.-Iran war sent Brent crude futures to a four-year high on Thursday. The oil market remains in a state of backwardation, signaling a broad expectation of an impending resolution to the conflict. But…
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