Keystone Positive Change, an investment trust managed by Baillie Gifford, has urged its shareholders to oppose a bid by US hedge fund Saba Capital Management to oust several of its board directors and install their own nominees, according to a
Vulpes Investment Management, the family office of veteran hedge fund manager Steve Diggle, who made billions during the 2008 financial crisis, is planning to raise up to $250m for a new hedge fund and managed accounts, according to a report
The euro has started the year on a weak footing, and hedge funds are betting it could reach parity with the dollar – or fall even lower – in the coming months, according to a report by Bloomberg citing data
The UK continues to be the most targeted country in Europe for investor activism, and the fourth worldwide, with 42% of all campaigns launched in Europe in 2024 targeting UK companies, according to Alvarez & Marsal’s latest A&M Activist Alert
Marshall Wace, the hedge fund firm founded by GB News co-owner Paul Marshall, has seen a steep decline in profits, with newly filed accounts revealing a 64% drop in the year ending February 2024, from £538m to £192m, according to
Prominent short-seller Hindenburg Research has taken a short position against Carvana after accusing the online auto retailer of significant financial impropriety, alleging that the business model is unsustainable and its subprime loan portfolio poses major risks, according to a report
A record number of activist investors launched campaigns against global companies in 2024 reflecting growing momentum for shareholder activism and fuelling expectations of continued growth in 2025, according to a report by Reuters citing new research by Barclays.
Multi-strategy hedge fund major Citadel recently offered its investors the option to cash out profits following a 15.1% gain in its flagship Wellington fund in 2024, but most opted to leave their capital invested in the fund, according to a
New York-based hedge fund major DE Shaw is planning to return billions of dollars to external clients after its flagship hedge funds delivered exceptional double-digit gains in 2024, according to a report by Bloomberg.
Third Point, the $12bn alternative investment firm founded by Daniel S Loeb, has agreed to acquire AS Birch Grove, an $8bn alternative credit fund manager, with the transaction expected to close during the first quarter of the year.
