Jana Partners Cuts Macy’s Stake After Pushing Retailer on E-commerce (Reuters)
BOSTON, Feb 14 (Reuters) – Jana Partners cut its holding in Macy’s Inc (M.N) by 84% in the last months of 2021 not long after the activist investment firm prodded the retailer to consider alternatives for its online unit, according to a regulatory filing.
Long-Time Whale Rock Partner Exits for Hedge Fund Giant Citadel to Build Out Stock-Picking Unit’s Tech and Media Team (Business Insider)
The stock-picking unit of billionaire Ken Griffin‘s multi-manager Citadel has poached long-time Whale Rock partner Dan Ramirez from Alex Sacerdote‘s shop. Ramirez will run a team for Ashler Capital investing in technology, media, and telecoms and is set to hire a team of analysts and associates to work under him.
Coatue Seeks Capital for a New Fund (Institutional Investor)
This is the fifth new fund from the Tiger Cub is less than two years. Coatue Management is raising money for a new niche hedge fund. According to a regulatory filing, the Tiger Cub headed by Philippe Laffont is seeking capital for Coatue Climate Tech Fund II. The filing said that the first sale has yet to occur.
Pressmaster/Shutterstock.com
Ready for Next Cycle in Shipping and Energy (Hedge Nordic)
Stockholm (HedgeNordic) – Warren Buffett and Sir John Templeton are a small handful of successful investors who have deliberately decided to manage capital away from the noise surrounding the world’s leading financial centers. Similarly, Norwegian Cato Brahde has successfully been running the hedge fund he co-founded, the Oceanic Hedge Fund, back in 2002 from the remote Isle of Man in the Irish Sea, a remoteness that gives him a different perspective.
AQR Sees Strong Start to 2022 (Hedge Week)
AQR Capital Management‘s longest-running multi-strategy has started 2022 with record performance, according to a report by Institutional Investor. The firm’s absolute return strategy chalked up 10.4 per cent net return in the first five days of January and closed the month having record a total return of 15.4 per cent. January’s record performance followed a total 2021 net gain of 16.8 per cent the month December 2021 ranks as one of the fund’s top four months ever.
International Commitments May Catch up Post-COVID (Preqin)
Investors kept up the pace of commitments during the pandemic, but most stayed close to home. 2022 could see a rebound in cross-regional investments. As some of us selectively return to holiday-party small talk to round out the year, we’ve had ample opportunity to speculate on what the private equity landscape will look like in 2022 and 2023. Will the private equity world and LP commitments return to a normal, steady state? Were there specific disruptions during the pandemic that will produce a disproportionate response in a post-COVID world?
