Boaz Weinstein, the head of US hedge fund Saba Capital, has expressed his ambition to act as a “white knight” for UK investors and the London Stock Exchange by investing in the £266bn UK investment trust sector, according to the
Scott Bessent, President-elect Donald Trump’s nominee for Treasury Secretary, plans to resign from macro hedge fund Key Square Group and divest his assets to prevent conflicts of interest if confirmed by the Senate, according to a report by Bloomberg.
John Overdeck and David Siegel, the billionaire Co-Founders of Two Sigma Investments, are set to enter arbitration following a long-running dispute over the future direction of the quantitative hedge fund, according to a report by Reuters.
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
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
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
Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s Millennium Management, according to a report by Bloomberg.
Partners at Brevan Howard Asset Management saw their compensation drop significantly in the past year, reflecting a decline in revenue and operating profit at the hedge fund founded by billionaire Alan Howard, according too a report by Financial News.
