Managers
New York-based investment bank Cantor Fitzgerald has said the closing of its acquisition of UBS Group’s O’Connor hedge fund business will extend into 2026, with assets and strategies transferring in stages over the coming months.
Edinburgh Worldwide Investment Trust has called for greater transparency from activist hedge fund Saba Capital Management as tensions escalate ahead of a shareholder vote on a proposed board overhaul, according to a report by Alliance News.
Ilex Capital, the hedge fund founded by former Citadel traders Jonas Diedrich and Dave Sutton, sharply increased compensation for its highest-paid individual during its most recent financial year, alongside a significant rise in profits and assets under management, according to a report by Financial News London.
Pressure is mounting on US retailer Target after activist hedge fund Toms Capital Investment Management built a stake in the company, as the retailer grapples with an extended period of weak sales and a sharply lower share price, according to a report by the Financial Times.
Alan Howard, co-founder of hedge fund firm Brevan Howard Asset Management, has become a resident of Switzerland, joining a growing list of hedge fund founders and financial entrepreneurs relocating from the UK in response to sweeping tax changes, according to a report by Bloomberg.
Hedge funds have turned increasingly cautious on US healthcare stocks, stepping up short positions as political uncertainty builds around the future of government health insurance subsidies, according to a report by Reuters citing a note from Goldman Sachs.
Michael Hintze’s newly launched hedge fund, Deltroit Asset Management, could face exposure to historic tax liabilities linked to his former firm, CQS, as a closely watched UK Supreme Court case approaches, according to a report by Bloomberg.
Activist investor Trian Fund Management and venture capital firm General Catalyst have agreed to acquire global asset manager Janus Henderson in a deal valuing the firm at $7.4bn, bringing to an end a more than five-year activist campaign by Nelson Peltz’s hedge fund, according to a report by Reuters.
Altice International has refinanced over €500m ($586m) of debt at its holding company level with backing from Elliott Investment Management, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Paul Singer’s activist investment hedge fund firm Elliott Investment Management has won a legal battle compelling a Texas-based private equity firm to begin liquidating an oil and gas fund, according to a report by Bloomberg.
