Hedge Funds: Pentwater Advanced 22% After Avis Short Squeeze

Welcome to the Hedge Funds Brief, your weekly read on the industry, including performance, market calls and personnel moves.

Headlines

Pentwater, which set off a short squeeze on Avis last month, gained 22% in its biggest fund, trouncing the overall market and its hedge fund peers.

Ex-Tudor Investment money manager Dharmesh Maniyar landed capital from Morgan Stanley Alternative Investment Partners as demand for macro hedge funds products continues to grow.

Pershing Square built a $2.1 billion stake in Microsoft, taking advantage of a decline in the company’s share price to invest in a business that he said is stronger ...