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Hedge funds continue selling Chinese stocks, ADRs
Posted: February 28, 2023
US hedge funds sold a net $5.7 billion of ADR for Chinese companies in February, up sharply from $300 million [Read More]
Man Group’s total assets dip 4% in 2022 but alternatives provide strength
Posted: February 28, 2023
Man Group’s 2022 full-year report revealed that fees climbed 6% to $779 million and pre-tax profits grew 18% while assets [Read More]
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Lasry reaches deal to sell stake in Milwaukee Bucks at a $3.5B valuation
Posted: February 27, 2023
Marc Lasry, Avenue Capital co-founder, has reached a deal this morning to sell his approximately 25% stake in the Milwaukee [Read More]
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Sightings….
Posted: February 27, 2023
Millennium Management has hired two metals traders – Nicholas Hanley and Saurabh Sharma – in Singapore to manage a new [Read More]
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Soroban pressures Union Pacific publicly to oust CEO….Railroad announces CEO is out
Posted: February 27, 2023
Eric Mandelblatt, managing partner of Soroban Capital Partners, went public with the hedge fund’s concerns regarding Union Pacific. The hedge [Read More]
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