(CNBC) Elliott Management will launch a proxy fight at Southwest Airlines, and intends to nominate as many as 10 directors to the company’s 15-person board, the activist said Tuesday evening, a long-expected move following weeks of back and forth between the airline and the […]

(Hedgeweek) An activist fund at Boaz Weinstein’s Saba Capital Management, which focuses exclusively on investments in BlackRock’s closed-end products, surged by 22% this year up to the end of July, according to a report by Bloomberg. To read this article:

(CNBC) Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, sending its stock soaring 24.5%, its best day ever. Chipotle’s stock fell over 10% on the news that Niccol would leave after a successful tenure at the burrito chain. To read this […]

(Hedgeweek) New York-based hedge fund Starboard Value has acquired a stake in Starbucks joining fellow activist Elliott Investment Management in investing in the troubled coffee retail chain, according to a report by The Wall Street Journal. To read this article:

(Hedgeweek) Digital asset investment products saw inflows totalling $176m last week as investors saw recent price weakness as a buying opportunity, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. To read this article:

(Hedgeweek) New York is home to 12,732 hedge funds, clocking the most registrations of all US states, followed by California and Connecticut, according to analysis of hedge fund registration data by fund service provider Repool.  To read this article:

(CNBC) U.S. stock futures were little changed Monday night as investors await this week’s key inflation data. Dow Jones Industrial Average futures rose 19 points, or 0.05%. S&P 500 futures and Nasdaq 100 futures climbed 0.02% and 0.01%, respectively. The […]

(CNBC) Spirit AeroSystems CEO Patrick Shanahan will receive a payout of $28.5 million after the 737 MAX fuselage supplier completes its merger with Boeing, according to a regulatory filing on Monday. Shanahan will get a cash payment of $2.3 million, converted Spirit restricted stock units worth $26.1 million and perquisites and benefits worth $45,000. To read this […]

(Hedgeweek) Third Point, the $12bn activist hedge fund firm led by Daniel Loeb, has built a 6% stake in Bath & Body Works and is pushing for board changes at the retailer, according to a report by Reuters citing a […]

(Hedgeweek) Hedge funds have adopted their most bearish stance on commodity prices since at least 2011, driven by concerns over a potential economic slowdown impacting demand for raw materials ranging from crude oil to metals and grains, according to a […]

(Hedgeweek) Former Engine No. 1 executive Charlie Penner, known for his landmark shareholder campaign against Exxon Mobil Corp over three years ago, has secured backing from the late Julian Robertson’s Tiger Management for his new activist venture, Ananym Capital Management, […]

(Hedgeweek) Derivatives and securities exchange network Cboe Global Markets is expanding its volatility products with the launch of options on Cboe Volatility Index futures, subject to regulatory review. To read this article: