Deals & Transactions

NEWS

Hedge fund giant Marshall Wace takes big stake in IAG as airline industry faces “worst crisis”

Hedge fund giant Marshall Wace takes big stake in IAG as airline industry faces “worst crisis”

Marshall Wace, the long-running high-profile hedge fund set up by Sir Paul Marshall and Ian Wace, has taken a 3 per cent share in IAG, the owner of British Airways, Iberia, and Aer Lingus, in a reported bargain swoop for stocks and sectors hit hard by the coronavirus pandemic.

LITIGATION FINANCE

Ex-Fortress partner Baer’s new litigation finance vehicle Contingency Capital pairs with Tetragon fund management unit

Ex-Fortress partner Baer’s new litigation finance vehicle Contingency Capital pairs with Tetragon fund management unit

TFG Asset Management, the alternative investment management unit of Tetragon led by Reade Griffith, is taking a minority stake in Contingency Capital, a new litigation finance-focused fund manager founded by ex-Fortress Investment Group partner and managing director Brandon Baer.