Fund managers have raised concerns with the City watchdog about US hedge fund Saba Capital’s plan to seize control of seven London-listed investment trusts, warning that shareholders could be left uncertain about the whereabouts of their investments, according to a
Proxy advisory firm Glass Lewis has endorsed the election of all four board candidates proposed by activist investor Mantle Ridge for Air Products and Chemicals, marking a key moment in the year’s first major board battle, according to a report
Waystone, a leading provider of specialist services to the global asset management industry, including admin services for hedge funds, private equity funds, and other alternative investment vehicles, has appointed Nigel Pasea as Country Head of Middle East.
Two Hong Kong-based firms, Welwing Capital and Jetha Global, have joined the growing list of hedge funds in Dubai, as the emirate’s International Finance Centre continues to see an influx of investment firms, according to a report by Bloomberg.
Hedge funds managed by protégés of the late Tiger Management founder Julian Robertson, known as “Tiger Cubs,” reported robust double-digit returns in 2024, buoyed by the soaring performance of technology stocks, their second consecutive year of recovery following a challenging
Two UK investment trusts managed by Janus Henderson have urged shareholders to reject a proposal from Saba Capital Management to replace their entire boards, claiming it would effectively hand control to the US-based activist hedge fund, according to a report
Chris Twort, a veteran with over three decades of experience in financial trading, has been named Head of Trading at iSAM Securities (UK), expanding his role from leading the trading and execution division at iSAM Funds (UK).
Singapore-based hedge fund Modular Asset Management, a spinoff of Millennium Management, is set to establish a presence in Hong Kong, reflecting the city’s ongoing efforts to solidify its status as a global financial hub, according to a report by Bloomberg.
Nicolas Monaghan, the trader embroiled in a legal dispute between Schonfeld Strategic Advisors and his former employer, Garda Capital Partners, is gearing up to launch his own hedge fund, Mistral Capital, with an initial $1bn allocation from Schonfeld, according to
Sona Asset Management’s Credit Master Fund posted a 2024 return of 18.76%, capitalising on a surge in European companies refinancing their debt, marking the fifth year of double-digit returns for the $10.1bn credit manager’s flagship fund, according to a report
