Haidar Macro Hedge Fund Plunges 32% in Wild Bond Market Moves (Bloomberg)
Said Haidar is set for the biggest-ever monthly decline at his hedge fund in more than two decades as wild bond markets rock macro traders. His Haidar Jupiter fund slumped an estimated 32% this month through Friday, according to people with knowledge of the matter. The decline puts the macro strategy down 44% this year, the people said asking not to be identified because the details are private.
Bed, Bath & Beyond’s Stock Under $1, Snarling Additional Dunding (Reuters)
Shares of Bed Bath & Beyond Inc (BBBY.O) edged higher in midday trading Tuesday but the stock remained under $1, leaving the home goods retailer at risk of losing additional funding from hedge fund Hudson Bay Capital Management, a pivotal investor. Bed Bath & Beyond’s stock dropped 21% on Monday to end at 81 cents after the company late Friday said it was seeking shareholder approval for a reverse stock split. After midday Tuesday, it was up 1% at 82 cents.
Why Goldman Sachs alumni are being hoovered up by elite hedge funds like Citadel and Millennium (Business Insider)
In November, one of the world’s most consequential hedge funds announced a shake-up at the top of its power structure. In an internal memo, the founder of Millennium Management, Izzy Englander, said that Bobby Jain would be vacating the co-CIO role. His replacement, Englander announced, would be Paul Russo, the equities-risk executive from Goldman Sachs who joined the $58 billion fund in 2021.
A Protest Outside Hedge Funder Dan Loeb’s UWS Building (ILoveTheUpperWestside.com)
Hundreds of protesters gathered outside hedge fund manager Dan Loeb’s residence at 15 Central Park West on Saturday over his donations to Governor Kathy Hochul and support of charter schools. Signs such as “tax the rich” were held by the protestors, some of whom held pitchforks while standing outside 15 CPW. A video shows the protesters were met by a building manager who told them they were trespassing on private property, but they did not appear deterred.
Source: pexels
Deerpath Capital Secures $1.5bn for Sixth Flagship Fund (Opalesque.com)
New York-based private debt manager Deerpath Capital Management closed sixth private credit fund with $1.5 billion of equity capital commitments from investors. The provider of customized, cash-flow-based senior debt financing to lower-middle market companies across diverse industries said in a press release that Fund VI is part of Deerpath Capital’s senior debt financing platform, which has deployed approximately $9 billion since the firm’s inception in 2007. Combined with debt financing for its levered investment vehicles, Deerpath secured more than $2.8 billion in total capital available for deployment, a fundraising record for the firm, it said.
