Farrer Capital Management Pty has closed its fund to new investments after reaching its $500 million target, establishing itself as a rare specialist in agricultural commodity trading. The fund, led by former Merricks Capital Head of Commodities Adam Davis, aims to capitalize on opportunities driven by geopolitical tensions and climate change. The closure highlights a …
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Hedge funds are making significant moves into Chinese stocks, betting on a swift economic recovery fueled by Beijing‘s stimulus measures. This trend has caught the attention of major players in the industry, with US-based Mount Lucas Management taking bullish positions on China ETFs, while Singapore’s GAO Capital and South Korea’s Timefolio Asset Management focus on …
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In a significant move that merges the worlds of finance and media, hedge fund titan Paul Marshall has acquired the influential British publication, The Spectator, for £100 million ($131 million). This acquisition marks a notable expansion of Marshall’s media portfolio, which already includes investments in UnHerd and GB News. Marshall, the chairman of Marshall Wace …
The U.S. Securities and Exchange Commission (SEC) has decided to end its legal battle over new fee disclosure rules for hedge funds and private equity firms. Following a recent court ruling against the regulations, the SEC chose not to appeal to the Supreme Court by the Tuesday deadline. The rules, introduced in August 2023, required …
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Billionaire Chris Rokos has appointed Matthew Sebag-Montefiore as the new CEO of Rokos Capital Management. Sebag-Montefiore, who joined the firm in 2018, will assume his new role pending regulatory approval. The CEO position had been vacant since Mark Edwards stepped down earlier this year. Based in London, Rokos Capital, manages $17.9 billion and is one …
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Keystone Investors Pte, a two-year-old Singapore-based hedge fund, has experienced a significant asset increase, surpassing $2.6 billion. This marks notable growth among pandemic-era Asian hedge fund startups. According to a firm insider, Keystone has now halted new investments, having secured enough commitments to reach its $3 billion target cap. Keystone’s Chief Investment Officer, Liu Xuan, …
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McKinsey & Co. is set to open an office in Darien, Connecticut, joining a surge of financial companies in this affluent town. The consulting firm will be located near firms like Crestwood Advisors and Janney Montgomery Scott, taking advantage of Darien’s revitalized downtown. The location is attractive to professionals who prefer to avoid commuting to …
Billionaire investor Bill Ackman’s Pershing Square USA is set to launch an initial public offering (IPO) on the New York Stock Exchange, offering shares at $50 each. The fund, which will trade under the ticker “PSUS,” aims to replicate the success of Ackman’s Europe-listed hedge fund while providing lower fees and faster capital access to …
Southwest Airlines CEO Robert Jordan announced Wednesday that he will not resign despite pressure from hedge fund Elliott Investment Management. The hedge fund, which acquired a $1.9 billion stake in Southwest, is seeking Jordan’s removal along with that of Chairman Gary Kelly. Elliott Investment Management is critical of the airline’s leadership for not adapting to …
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Hedge funds are facing fundraising challenges as private equity struggles to return money to institutional investors like pension plans, foundations, and endowments. Institutional investors are rebuffing hedge funds due to a slowdown in distributions from private equity funds. Michael Monforth, global head of capital advisory at JPMorgan Chase, explained that the reduced distributions from private …