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May 24, 2022

HEDGE

Dividend payouts hit first quarter record, but outlook rocky

Reuters
U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, May 24 (Reuters) – Mining and oil firms led an 11% jump in dividend payouts to a first-quarter record of $302.5 billion, according to......

Column: Hedge funds more bullish on crude as sanctions loom

Reuters
LONDON, May 23 (Reuters) – Investors grew significantly more bullish on petroleum prices last week in response to an increasing likelihood that EU sanctions on Russia’s exports that will intensify global oil shortages. Hedge funds and other money managers purchased the equivalent of 56 million barrels in the six most......

Allianz to pay $6 billion in U.S. fraud case, fund manager charged

Reuters
NEW YORK/MUNICH, May 17 (Reuters) – Germany’s Allianz SE (ALVG.DE) agreed to pay more than $6 billion and its U.S. asset management unit will plead guilty to criminal securities fraud over the collapse of its Structured Alpha funds early in the COVID-19 pandemic. Allianz’s settlements with the U.S. Department of......

Egan-Jones backs 4 of Macellum’s dissident board director candidates at Kohl’s

Reuters
The logo and trading informations for Kohl’s is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 9 (Reuters) – Proxy advisory firm Egan-Jones......

Hedge fund billionaire Dan Loeb appears to be courting NYC Mayor Eric Adams over charter schools

CNBC
CNBC – For more and to sign up click here Hedge fund billionaire Dan Loeb appears to be cozying up to New York City Mayor Eric Adams after pouring $1 million into the political action committee that helped get him elected, according to people familiar with the matter. Adams and......

Suncor CEO Little faces scrutiny after activist Elliott takes aim

Reuters
May 8 (Reuters) – Three months ago Mark Little, the chief executive of Canadian oil and gas major Suncor Energy (SU.TO), issued a mea culpa. In January two trucks had crashed at an oil sands mine in northern Alberta, killing one person. This raised the number of on-the-job fatalities at......

Analysis: Banks face reversal of fortune from war and runaway inflation

Reuters
New era of rising rates renews focus on lending risks Policymakers run recession gauntlet to curb inflation War, geopolitics threaten long-lasting economic pain LONDON/BERLIN, May 6 (Reuters) – Global banks are taking steps to weather the wider impact of war and runaway inflation as the stream of central bank money......

Glass Lewis urges Kohl’s shareholders to back management directors

Reuters
The Kohl’s label is seen on a shopping cart in a Kohl’s department store in the Brooklyn borough of New York, U.S., January 25, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register BOSTON, May 3 (Reuters) – Proxy advisory firm Glass Lewis on Tuesday recommended that......

Exclusive: Twitter under shareholder pressure to seek deal with Musk, sources say

Reuters
Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though......

Embattled hedge fund Melvin Capital weighs unwinding current fund to start new one, sources say

CNBC
CNBC – For more and to sign up click here Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019. Alex Flynn | Bloomberg | Getty Images Melvin Capital, the embattled hedge fund run by......

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Reuters
April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing......

EXCLUSIVE Franchise Group joins bidding for Kohl’s

Reuters
April 12 (Reuters) – Franchise Group Inc (FRG.O), owner and operator of retail stores such as The Vitamin Shoppe and Buddy’s Home Furnishings, has entered the race for Kohl’s Corp (KSS.N) with a $9 billion indicative offer, three people familiar with the matter said. Franchise Group has informed Kohl’s it......

Column: Funds sell oil as economic weakness trumps sanctions: Kemp

Reuters
LONDON, April 11 (Reuters) – Portfolio investors sold petroleum last week as a slowing economy in China and Europe and a massive release of strategic stocks by the United States outweighed concerns about the disruption of exports from Russia. Hedge funds and other money managers sold the equivalent of 11......

Logistics giants hedge their bets in uncertain U.S. self-driving truck race

Reuters
TUCSON, Ariz., April 4 (Reuters) – U.S. self-driving truck companies have a golden opportunity in the form of a nationwide driver shortage, but their robot drivers still are not ready and neither are their biggest potential customers. The uncertainties surrounding autonomous trucking come at a critical time for the U.S.......

Column: Hedge funds struggle with triple uncertainties on oil: Kemp

Reuters
A maze of crude oil pipe and equipment is seen with the American and Texas flags flying in the background during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard Carson/File Photo Register now for FREE unlimited access to......

Massive S&P options trade may have roiled U.S. stocks on Thursday

Reuters
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, April 1 (Reuters) – Traders are pointing to a massive quarterly options trade on Thursday they said......

EXCLUSIVE Hasbro snubs Alta Fox board nominee offer in settlement talks

Reuters
The Hasbro, Inc. logo is seen on a toy for sale in a store in Manhattan, New York, U.S., November 16, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register March 27 (Reuters) – Hasbro Inc (HAS.O) has turned down a settlement offer from Alta Fox......

Column: Hedge funds cut oil positions as volatility surges: Kemp

Reuters
A brand new oil production facility owned by Oasis Petroleum in the Permian Basin oil and natural gas production area near Wink, Texas U.S. August 22, 2018. REUTERS/Nick Oxford Register now for FREE unlimited access to Reuters.com Register LONDON, March 21 (Reuters) – Investors trimmed bullish petroleum positions for the......

GM bets $3.5 bln more on self-driving tech unit as SoftBank exits

Reuters
WASHINGTON, March 18 (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund exited its bet on General Motors (GM) (GM.N) self-driving car subsidiary Cruise as the auto giant upped the ante, investing another $3.45 billion in the loss-making unit. SoftBank’s departure, which comes as the Japanese conglomerate struggles with debts, prompted......

Hedge funds are doubling down on commodities bets with some notching big gains

CNBC
CNBC – For more and to sign up click here Some pumpjacks operate while others stand idle in the Belridge oil field on November 03, 2021 near McKittrick, California. Mario Tama | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Hedge funds have ramped up their commodity bets as......

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