Hedge Funds Betting Against Uk Water Firms As Debt Levels Soar | Daily Mail Online
Comedian Steve Coogan (pictured), the creator of Alan Partridge, joined protesters outside United Utilities' Lake District offices this week. :
Hedge funds are betting against Britain’s listed utilities after a cash crisis at Thames Water highlighted soaring debt levels across the industry. New York firm Millennium has taken a short position on supplier United Utilities, which has been accused of dumping sewage in the Lake District. While Arrowstreet, based in Boston, has disclosed a short position on Pennon Group, which owns South West Water and Bristol Water.
Hedge Fund Millennium Hired Balyasny London Portfolio Manager Who Left After $100M Loss
George Klavdianos is back. After leaving Balyasny's London office in December following reports of a $100m loss in a trading book he was leading, Klavdianos has resurfaced in a bigger fund and maybe a better job: he is now a senior portfolio manager at Millennium.Get Morning Coffee ☕ in your inbox. Sign up here.Millennium declined to comment on Klavdianos' arrival. He joined Millennium in London this month after three and a half years at Balyasny and six and a half years previously at Citadel. Klavdianos was Balyasny's head of event driven trading.
Hedge Funds Cry Foul Over Chinese Education Firm’s Default | The Straits Times
The funds said the borrower’s action could set a dangerous precedent for the broader market. :
HONG KONG - Hedge funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March. A group of bond holders – including some of Asia’s most prominent hedge funds – has alleged in public statements that the company chose not to pay its offshore debt even though its business is healthy and growing.
Hedge Funds Cry Foul Over China Education Firm’s Default
HEDGE funds and other international investors are sounding alarms after a profitable education company from China defaulted on its convertible bonds in March.
Brevan Howard Mostly Cut Portfolio Managers From This Team
Hedge fund Brevan Howard is making another round of job cuts, but some of its 1,000 employees are more susceptible to dismissal than others.Get Morning Coffee ☕ in your inbox. Sign up here.Bloomberg reported earlier today that 80% of the cuts afflicted back office and technology staff and that only around 20 portfolio managers and traders have gone.Brevan Howard declined to comment for this article, but we understand that its portfolio manager and trader cuts focused almost entirely on the systematic macro team as the fund allocated risk to other strategies. The lowest performing systematic macro portfolio managers are being let go.
Elliott Weighs Citgo Bid As Creditor Group Eyes Conoco For Own Offer
(marketscreener.com) Hedge fund Elliott
Investment Management is weighing a bid for shares in the parent
of oil refiner Citgo Petroleum under a U.S. court-ordered
auction, while a group of creditors represented by Centerview
Partners aims to lure ConocoPhillips to join another offer, five
people close to the matter said. Investment banker Centerview has...https://www.marketscreener.com/quote/stock/CONOCOPHILLIPS-13929/news/Elliott-weighs-Citgo-bid-as-creditor-group-eyes-Conoco-for-own-offer-46471100/?utm_medium=RSS&utm_content=20240418.
Billionaire Bill Ackman Has Almost 20% Of His Pershing Square Portfolio Invested In This Artificial Intelligence (ai) Growth Stock
Bill Ackman doesn't make small bets across dozens of stocks but instead focuses on a small number of players that have what it takes to soar over time. As of the end of 2023, his $10 billion portfolio at Pershing Square Capital Management included just seven positions. That's how.
Cto Of The Nicest Hedge Fund Takes An Executive Role At Schonfeld
Alphadyne Capital Management, founded by ex-Goldman Sachs partner Philippe Khuong-Huu, is known for having good culture, management, and being an all-round nice place to work. One of the executives driving that culture has just left, however, to become chief technology officer of a major multistrategy hedge fund that's had a few issues.Click here to sign up to our technology newsletter 🔧Thomas DeBow has joined Schonfeld as CTO, having held the same role at Alphadyne for the past six years.
Us-based Hedge Fund Shah Capital Urges Novavax Board Shake-up: Report | Company News
The hedge fund called for Suresh Katta and Venkat Peri, who are chief executives of other biotech firms, to be nominated for the independent board roles.
Opinion: The Fabled Four-day Work Week Is Still Decades Away
Even in sectors where technology brings more efficiency and productivity, shorter workweeks could harm the economy. :
Billionaires and Bernie Sanders agree on at least one thing: They see a four-day workweek in America’s future. Hedge fund manager Steve Cohen is investing in golf courses because he anticipates a big increase in leisure time, and IAC founder Barry Diller is expecting people to be in the office only four days a week. The senator from Vermont, meanwhile, has proposed legislation that will set the workweek to 32 hours. Put me down as skeptical.