Latest News
Activist investor Mantle Ridge has garnered sufficient backing from shareholders of Air Products and Chemicals to secure multiple seats on the company’s board of directors, according to a report by Reuters citing two sources familiar with the matter.
Lombard Odier Investment Managers (LOIM) has launched DOM Global Macro – a new liquid, diversified absolute-return UCITs strategy – as the firm continues to expand its Alternatives franchise for institutional and private clients.
In a bid to better streamline multi-asset post-trade processing and operational reporting, global fintech Broadridge Financial Solutions has added a GenAI-powered advanced analytics feature to its platform.
Seth Klarman’s Baupost Group, once a standout in the hedge fund world, has seen its clients withdraw approximately $7bn over the past three years as the firm grappled with underwhelming returns, according to a report by Bloomberg.
London-based institutional investment manager Fasanara Capital has launched its first tokenised Money Market Fund, the “Fasanara MMF Token” (“FAST”), held on the Polygon PoS public blockchain and developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO.
US activist hedge fund Saba Capital has suffered a setback in its campaign to shake up the UK’s closed-ended investment trust sector, as shareholders of Herald Investment Trust decisively rejected its proposal to replace the board, according to a report by the Financial Times.
Law firm Simmons & Simmons has launched a major update of LaunchPlus – its tool for hedge fund startups, which has been in operation since 2015 and helps new fund managers to navigate the complexities of establishing a hedge fund in the UK.
Saba Capital Management has reached agreements with BlackRock Advisors to initiate significant cash tender offers for two of its closed-end funds – the BlackRock Innovation and Growth Term Trust and the BlackRock Health Sciences Term Trust.
Element Capital Management, the macro trading hedge fund led by Jeff Talpins, returned over $6bn to investors in 2024, reducing its assets under management to $3bn, with internal capital now accounting for 90% of that total, according to a report by Bloomberg.
Code Willing has formed a strategic partnership with Exchange Data International (EDI) as part of the launch of its CWIQ Platform aimed at streamlining research workflows for hedge funds and other asset management firms.
