The Hedgeweekender | Hedge funds call out harmful regulations, FTX fraudster begins prison sentence, post-Election stock pivots
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This week in hedge funds
?? The Managed Funds Association is urging President-elect Donald Trump’s transition team to revisit what it calls “harmful” regulations imposed on private funds and preserve “pro-growth tax policies”. Read more.?
?? The D. E. Shaw Group raises $1bn for its latest private credit-focused fund, Alkali VI, which focuses on corporate and structured debt as well as synthetic securitisations, taking the total Alkali capital to $3.9bn. Read more.?
?? Activist Elliot is pushing 霍尼韦尔 to simplify its structure, arguing that separating Aerospace and Automation divisions could unlock major value. Read more.?
?? Hedge funds have quickly pivoted toward financial stocks, while reducing their exposure to companies in the renewable energy sector, following Donald Trump’s election win. Read more.??
?? Alameda Research ’s former CEO Caroline Ellison, who played a key role in misappropriating billions in the FTX cryptocurrency exchange scandal, has begun her two-year prison sentence. Read more.??
?? Hedge funds betting against Tesla have chalked up paper losses of more than $5bn since Donald Trump’s election victory, with shares in the EV maker surging following Musk’s Trump endorsement. Read more.?
The week in numbers
?? €102m – The short position The D. E. Shaw Group took this week against German pharma giant 拜耳 . Read more.?
?? 45 – The number of awards handed out at this week’s Hedgeweek?European Emerging Manager Awards.?Read more.?
?? $300m – the amount Brigade Capital Management, LP secured from Blackstone to grow its private credit strategy and bolster its collateralised loan obligations platform. Read more.?
?? 21% – 日产 ’s stock surge after hedge fund-linked activist Suntera (Cayman) acquires 2.5% stake. Read more.?
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