Hedge Fund News From HedgeCo.Net

Category Archives: Syndicated

Elliott Management Names Co-CEO as Part of Succession Plan

(Pension & Investments) Jonathan D. Pollock was named co-CEO of hedge fund manager Elliott Management, sharing the title with Paul E. Singer, the firm’s founder.Messrs. Pollock and Singer will continue to serve as the company’s co-chief investment officers, said a […]

A Hedge Fund Calls for $4 Billion Payout From Japan’s Kyocera

(Bloomberg) A Hong Kong hedge fund stepped up its pressure on Kyocera Corp., calling on the Japanese electronics maker to pay back more than $4 billion to investors. Kyocera should sell its 1.02 trillion yen ($8.3 billion) stake in phone […]

Hedge Fund Short Positions and Oil Prices in 2015

(Reuters) U.S. oil prices have cycled between $40 and $60 per barrel since the start of 2015 and the rise and fall has corresponded with the accumulation and liquidation of hedge fund short positions.There have been at least three cycles […]

Peltz’s activist fund Trian to end quarterly redemptions

(REUTERS) Trian Fund Management LP, the activist hedge fund run by billionaire investor Nelson Peltz, is ending quarterly redemptions by its new investors, according to people familiar with the matter, in order to lock in money for longer periods. The […]

Hedge funds pile into Amazon, ditch eBay

(CNBC) The 10 largest U.S. hedge funds saw their equity holdings slip for the first time since the end of last year, with tech stocks leading the sell-off in the third quarter as investors tried to cope with heightened market […]

Hedge Funds Near-Eliminate their Net Long in Ags

(Agrimoney.com) Hedge funds all but wiped out their net long position in derivatives in the main agricultural commodities, led by selldowns in coffee, and in wheat, in which unexpectedly bearish positioning could set the scene for a price bounce. Managed […]

Hedge Funds Betting Against Aussie Risk Losses as Swings Subside

(Bloomberg) Hedge funds may have picked a bad time to add to bets against Australia’s dollar, this month’s best-performing major currency.Commodity Futures Trading Commission data showed large speculators increased positions wagering on Aussie declines by 83 percent in the space […]

Ackman’s Pershing Square Increases Valeant Stake to 9.9%

(Bloomberg) Bill Ackman’s fund raised its stake in Valeant Pharmaceuticals International Inc. to 9.9 percent in a series of transactions starting in October, underscoring the activist investor’s commitment to the embattled drugmaker.Pershing Square Capital Management’s various funds have now amassed […]

Elliott Management takes 6.4 percent stake in ‘undervalued’ Alcoa

(Reuters) – Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in “undervalued” Alcoa Inc on Monday, sending the aluminum producer’s shares up as much as 6.3 percent. Elliott, run by activist investor Paul Singer, sees opportunities for Alcoa […]

Hedge funds’ top stock picks haven’t been smoked this badly since the financial crisis

(Business Insider) Hedge funds’ favorite bets in the stock market have been getting roughed up.”From August through October, hedge fund favorite stocks posted their worst relative returns outside of 2008,” wrote David Kostin at Goldman Sachs. “Our Hedge Fund VIP […]

Goldman Said to Raise $1.3 Billion to Buy Hedge Fund Stakes

(Bloomberg) Goldman Sachs Group Inc. has raised $1.3 billion for its second Petershill fund that buys stakes in hedge fund firms, beating its initial target, according to a person with knowledge of the matter. The bank started raising money for […]

Group Led by Former Fund Manager Acquires Majority of Biotech Firm

(New York Times) Martin Shkreli, the brash pharmaceutical executive whose abrupt fiftyfold increase in the price of an old infectious disease drug sparked an uproar, has acquired a majority of the shares of a publicly traded biotechnology company that was […]

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