Latest news with #BalyasnyAssetManagementLP
Yahoo
12-05-2025
- Business
- Yahoo
Form 8.3 - Direct Line Insurance Group plc
LONDON, May 12, 2025--(BUSINESS WIRE)-- Form 8.3 May 2018 FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the "Code") 1. KEY INFORMATION (a) Full name of discloser: Balyasny Asset Management LP (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Direct Line Insurance Group plc (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 09/05/2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A" YES: Aviva plc 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 10 10/11p ordinary ISIN: GB00BY9D0Y18 Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: (2) Cash-settled derivatives: 21,657,999 1.65 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 21,657,999 1.65 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit 10 10/11p ordinary CFD Increasing a long position 5,829 GBP 2.90 10 10/11p ordinary CFD Increasing a long position 56,200 GBP 2.91 (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none" None (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none" None (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? No Date of disclosure: 12/05/2025 Contact name: Jack Satt Telephone number*: +44 208 164 3693 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit. The Code can be viewed on the Panel's website at View source version on Contacts Balyasny Asset Management LP Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-03-2025
- Business
- Yahoo
Balyasny Tops Millennium and Citadel During February Turmoil
(Bloomberg) -- Balyasny Asset Management LP gained the most among the world's biggest multi-manager hedge funds in February as tariff threats and bubbling economic concerns shook markets. Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty How Upzoning in Cambridge Broke the YIMBY Mold Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park Balyasny's hedge fund rose 0.9% during the month, according to people with knowledge of the matter. That brings the fund's year-to-date gain to 3.5%, said the people, who asked not to be identified because the results are private. Millennium Management lost 1.3% in February while Citadel fell 1.7%, the people said. By contrast, Singapore-based Dymon Asia Capital saw its multi-strategy fund focused on the region end the month up 1%. All five of Balyasny's strategies were positive in February, according to one of the people. The three strongest performers were its equities, commodities and macro strategies, the person said. Recent economic reports show signs of both stubborn inflation and flagging growth in the US just as President Donald Trump's proposed tariffs add uncertainty to equity markets. The S&P 500 Index fell 1.4% during the month. That extended the US stock gauge's underperformance to the Euro Stoxx Index and the MSCI China Index to more than 10 percentage points in the first two months of the year in dollar terms. The so-called Magnificent Seven stocks that have driven hedge fund returns in recent years are sputtering as investors question their valuations and hefty spending on artificial intelligence. In contrast, European stocks have seen better returns and Chinese equities are surging. The pain of some of the multi-strategy managers was shared by US-focused funds that bet on rising and falling stocks, with Goldman Sachs Group Inc. clients employing that strategy on average down 1.4% in February, the Wall Street bank's prime services team said in a note. By contrast, their Asia peers gained 1.9% on average for the month, while European funds notched up a 0.5% gain. Representatives for the investment firms declined to comment. --With assistance from David Ramli. (Updates with Dymon number in third paragraph, Goldman Sachs notes in seventh) Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Snack Makers Are Removing Fake Colors From Processed Foods The US Is Withdrawing From Global Health at a Dangerous Time The Mysterious Billionaire Behind the World's Most Popular Vapes Trump's SALT Tax Promise Hinges on an Obscure Loophole ©2025 Bloomberg L.P.
