Hedge Fund Calls for TRG to Split Off Wagamama (The Times)
The owner of Wagamama is facing pressure to split itself up, with its embattled management team expected to be questioned about pay and performance at the annual meeting this week. TMR Capital has become the latest investor to call for an overhaul of The Restaurant Group, after taking a small stake this month. The Florida-based hedge fund has approached the group, which also owns Brunning & Price, Frankie & Benny’s and Chiquito, with proposals to sell off all its businesses except Wagamama, according to The Sunday Telegraph. The fund wants the group to expand Wagamama before taking it private in a sale.
Bluecrest Capital Management Partners With Arcesium to Automate and Enhance Operations (PRNewswire.com)
Arcesium, a leading global financial technology firm, and BlueCrest Capital Management, the prominent private investment firm led by Mike Platt, announced their agreement to commence the implementation of Arcesium’s fully integrated technology platform and Financial Operations professionals, which will, once deployed, support BlueCrest’s operational teams. BlueCrest will seek to leverage Arcesium’s cloud-based infrastructure, which assists with post-trade operations and middle- and back-office workflows. BlueCrest will also look to take advantage of Arcesium’s global Financial Operations capabilities to augment its sophisticated in-house operations and technology team.
Another Big Portfolio Shakeup for Light Street (Institutional Investor)
For the second straight quarter, the Tiger Grandcub led by Glen Kacher made a slew of major new additions and exits. For the second straight quarter, Light Street Capital Management made substantial changes to its top holdings, as the Tiger Grandcub desperately tries to reverse last year’s devastating loss. In the first quarter, the tech-focused hedge fund firm headed by Glen Kacher established five new…
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Hedge Funds Rush to Buy Stocks on S&P 500’s Momentum (Bloomberg)
Some previously steadfast bears are showing signs of giving in after a seven-month advance put the S&P 500 on the edge of a key chart line. Hedge funds that make both bullish and bearish equity wagers have snapped up US shares for two straight weeks, with total purchases reaching the fastest pace since October, data compiled by Goldman Sachs Group Inc.’s prime brokerage unit show. The binge followed persistent selling in the previous five weeks.
Danish Hedge Funds Sweep Top Honors (Hedge Nordic)
Stockholm (HedgeNordic) – The Hedge Fund Journal, a monthly magazine focusing on the global hedge fund industry, recognized and rewarded the achievements of two Nordic hedge funds at the Hedge Fund Journal CTA and Discretionary Trader Awards 2023. Calculo Evolution Fund was honored as the best-performing fund in the commodities-focused systematic trend-following CTA category for 2022. Meanwhile, Danske Invest Global Cross Asset Volatility was recognized as the top-performing fund in the multi-asset volatility arbitrage category across various time periods.
