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Hedge fund Luxor Capital has made a last-ditch attempt to prevent the merger of auctioneer Ritchie Bros (RBA) with rival IAA Inc, by urging shareholders to oppose the proposed deal ahead of today’s special meeting of RBA shareholders.
Despite the proxy deadline having passed, Luxor has highlighted that shareholders can still revoke their proxies cast in favour of the IAA Merger.
In statement, Doug Snyder, President of Luxor which holds a 4.2% stake in the business, said: “We call on all shareholders who voted in favour of this deal to heed the warnings of Ritchie Bros’s co-founder and former president
The Depository Trust & Clearing Corporation has launched a new LIBOR Benchmark Replacement Index solution to support the finance industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as well as other new fallback rate indices by June 30, 2023.Â
Alternative asset management firm Hayfin Capital Management has expanded its client coverage capabilities in German-speaking Europe with the appointment of Marco Sedlmayr as head of DACH within the partner solutions team based in Munich.
Digital asset investment products saw outflows for the fifth consecutive week last week, totalling $255 million, the largest single weekly outflows on record representing 1.0% of total AuM, according to the latest Digital Asset Funds Flows Weekly report from CoinShares.
As the concept of decentralized finance continues to take root, Shawn Douglass, CEO, Amberdata, outlines the implications of DeFi developments for the financial industry…
Oaktree is one of a number of hedge funds and banks offering to acquire deposits held by startups at the failed Silicon Valley Bank, but only at steep discounts, according to reports.Â
Brevan Howard Asset Management is continuing its push into the digital assets space with the acquisition of a long-short hedge fund run by crypto investment firm Dragonfly Capital, according to a report by Bloomberg.
Palliser Capital, a London-based activist hedge fund founded by former Elliot Management exec James Smith, is agitating for a boardroom shake-up at Pendragon, the group behind the Evans Halshaw, Stratstone and CarStore car dealership brands, according to a report by the Daily Telegraph.
A recent Form 13F filing made with the US Securities & Exchange Commission has revealed the Neuberger Berman Group reduced its stake in Blackstone Inc by 12.1% to 4,625,456 shares in the third quarter after selling 634,353 shares during the period, according to a report by MarketBeat.
Other hedge funds meanwhile have recently bought shares of the company, according to regulatory filings, including Valley National Advisers Inc, which increased its position in shares of Blackstone by 1.5% during the third quarter, and now owns 20,043 shares of the asset manager’s stock worth $1,806,000 after purchasing an additional 302 shares in
Durlston Partners, a talent advisory firm for hedge funds, family offices and digital asset firms and banks, focused on the technology, quantitative finance and data science sectors, has appointed Joshwa Shah as the firm’s new head of business development.
Shah has a wealth of experience working with candidates and organisations in the digital assets and FinTech sectors, having worked at Durlston as a consultant and senior recruiter since 2021, where he has helped some of the world’s most successful hedge funds and cryptocurrency companies grow and develop their teams.
He also established and led, in partnership with the Department of
