PARIS/LONDON Pernod Ricard will meet activist hedge fund Elliott this month as the family-backed spirits firm faces pressure to improve its margins, sources familiar with the situation said.
LONDON Hedge fund managers show signs of having completed their recent sale of crude and refined fuels, with positions edging up slightly in the first week of the new year, amid hopes a recession can be averted.
LONDON Two of the biggest donors to the Brexit campaign say they now believe the project they championed will eventually be abandoned by the government and the United Kingdom will stay in the European Union.
HONG KONG/SHANGHAI China's data-driven "flash boys" - hedge fund managers who for years have been handicapped by government curbs on tools to short-sell stocks - are dusting off high-speed trading products as Beijing revives the country's financial derivatives market.
LONDON U.S. natural gas prices have fallen sharply as the unusual cold weather of late November and early December has given way to warmer-than-normal temperatures in the last four weeks.
LONDON Hedge funds are cautious on the outlook for oil prices, despite a slump at the end of last year, as fears about the global economy outweigh output cuts by OPEC and its allies.
LONDON Britain's top local authority pension plans have cut investments in hedge funds in favour of better-performing alternatives, a review of annual reports shows, adding pressure to an industry beset by weak performance, outflows and fund closures.
LONDONVicious but short-lived volatility spikes, spectacularly unsuccessful emerging market bets and a dollar U-turn have hit macro hedge funds hard this year, setting them up for the worst year in seven.
LONDON/PARIS Elliott Management has taken a stake in Pernod Ricard and wants the family-backed French drinks company to try to improve its performance via cost cuts and a potential merger with a rival.
LONDON Hedge funds have struggled badly in 2018, but would be faring far worse were they not on the right side of two of the most reliable trades of the year: a flattening U.S. yield curve and a stronger dollar.
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