Smiths Group has unveiled plans to break up, marking the end of the last major industrial conglomerate listed on the London Stock Exchange, following pressure from Engine Capital, a US activist hedge fund holding a roughly 2% stake in the
Hedge fund Saba Capital Management is planning to offer shareholders of Herald Investment Trust a full cash exit near the Trust’s net asset value if its efforts to overhaul the Board of Directors is successful.
Activist hedge fund firm Elliott Associates wants Scottish Mortgage Trust to ‘deliver shareholder value’ and improve returns to investors after building a 5% stake in the UK’s larger listed equities fund, according to a report by CityWire.
Multi-strategy major Millennium Management has provided $3bn to support the launch of Taula Capital, a new macro hedge fund, by former Millennium portfolio manager Diego Magia, according to a report by the Financial Times.
Zurich-based investment boutique Green Ash Partners is to close the Chanos Equity Long-Short fund, a UCITS fund it launched with famed short-seller Jim Chanos in October 2022, according to a report by CityWire.
Violent swings in asset prices coupled with rapid shifts in investor interest rate expectations have impacted commodity trading advisers (CTAs) so far in 2023, making a repeat of last year’s bumper returns from bets on prevailing global market trends, increasingly
Unlimited, an exchange traded fund firm launched by former Bridgewater Associates executive Bob Elliott, is to expand its offering with the launch of a suite of ETFs providing investors with access to a range of hedge fund-like strategies.
