Managers
Paul Singer’s hedge fund Elliott Investment Management has disrupted a $4bn debt restructuring at Veritas Holdings, a software business owned by global private investment firm Carlyle Group, according to a report by the Financial Times.Â
Activist hedge fund firm Engine Capital has acquired a stake of just under 5% in C&C Group, the FTSE 250-listed manufacturer of Magners Irish Cider, according to a report by Bloomberg.Â
Global strategy consulting firm Stax has opened a new office in London, following the January hiring of Phil Dunne as managing director to lead the firm’s UK and EMEA practice.Â
Prime broker challengers like Cantor Fitzgerald, Interactive Brokers and StoneX are gaining ground as they seek to attract smaller hedge funds that are often underserved by major banks, according to a report by Financial News.
Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, has secured investment from the Canada Pension Plan Investment Board and a unit of Singapore’s Temasek Holdings, according to a report by Reuters.Â
Electron Capital Partners’ Global Fund is poised for its best performance in four years, rebounding from last year’s losses with a strong start in 2024, according to a report by Institutional Investor.Â
Crypto hedge funds have dramatically reduced their bitcoin exposure to levels not seen since October 2020, according to a report by The Block citing recent data from ETC Group.Â