Managers
Saba Capital Management, the hedge fund led by Boaz Weinstein, has agreed to pause its activist campaign targeting Herald Investment Trust, according to a report by CNBC
Global equities eased and oil prices climbed on the last trading day of the week as renewed clashes involving the US and Iran in the Middle East reignited concerns over energy supply disruptions, interrupting a record-setting run in global stock markets, according to a report by Bloomberg.
Liquidity in global oil markets has thinned sharply as escalating US–Iran tensions and ongoing disruption in the Strait of Hormuz push traders to the sidelines, amplifying price swings in a key benchmark for the global economy, according to a report by Bloomberg.
Citigroup is sharpening its focus on hedge funds as part of a broader expansion of its markets and prime-linked business, with the bank targeting up to $700bn in hedge fund-related prime balances, according to a report by Bloomberg.
Saba Capital Management has secured a significant liquidity-focused agreement for shareholders of Herald Investment Trust, marking what the activist investor describes as its sixth successful outcome from seven initial UK investment trust campaigns.
Crispin Odey, the former hedge fund manager and founder of Odey Asset Management, has indicated he may pursue settlements with five women bringing civil claims against him over alleged sexual misconduct, ahead of a scheduled High Court trial in London, according to a report by the Financial Times.
TOP STORY: Hedge funds delivered strong performance in April by rapidly repositioning portfolios around geopolitical developments, with nimble trading strategies and fast allocation shifts proving key to capturing gains across volatile markets, according to a report by Reuters.
Workspace Group, the London-listed provider of flexible office space, is considering the possible disposal of its most valuable property as it seeks to strengthen its balance sheet while facing ongoing pressure from activist investor Saba Capital, according to a report by Bloomberg.
Bond markets are increasingly pricing in the possibility that the Federal Reserve’s next move could be a rate hike rather than a cut, as investors reassess the policy outlook ahead of Kevin Warsh’s expected tenure as Fed chair, according to a report by Bloomberg.
The UK Financial Conduct Authority (FCA) has defended its decision to fine and ban hedge fund manager Crispin Odey from the financial sector, telling a London tribunal that he had demonstrated a pattern of “threats, distortion of facts and falsification” in his dealings, according to a report by the Financial Times.
