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Pershing Square Capital Management founder Bill Ackman, has placed the success of his proposed $64bn bid for Universal Music Group heavily on the position of French billionaire Vincent Bolloré, the company’s largest influential shareholder, accordoing to a report by the Financial Times.
Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct allegations, according to a report by the FT.
Hedgeweek®’s head of content and research Manas Singh breaks down what actually happened last quarter and what it means for the allocator thesis on hedge funds going into Q2.
Impactive Capital is seeking to reshape the board of WEX Inc, including a proposal to replace its long-serving chief executive from her board roles, according to a report by Reuters citing regulatory filings and unnamed sources familiar with the matter.
Saba Capital Management has secured a notable victory in a campaign targeting UK-listed investment trusts, after Edinburgh Worldwide Investment Trust moved to support a shareholder exit proposal aligned with its strategy, according to a report by Bloomberg.
Wall Street banks are poised to report a combined trading windfall exceeding $40bn for the first quarter, as escalating geopolitical tensions in the Middle East and renewed military activity in Venezuela fuel sharp swings across global financial markets, according to a report by the Financial Times.
Chase Coleman’s Tiger Global Management has agreed to back PopUp Bagels in a deal that values the fast-growing brand at around $300m, according to a report by Bloomberg citing unnamed sources familiar with the transaction.
S&P Dow Jones Indices has launched a new credit-default swap (CDS) index designed to give investors a way to take exposure against the private credit market, reflecting growing concern about stress in the sector following years of rapid expansion, according to a report by Reuters.
A surge of institutional and hedge fund capital is reshaping the global reinsurance industry, as alternative investors increasingly channel money into catastrophe bonds and other insurance-linked securities, challenging a 180-year-old risk-transfer model, according to a report by Bloomberg.
Brian Kersmanc of GQG Partners says his decision to scale back exposure to major technology stocks more than a year ago is beginning to deliver results, despite initially lagging during the height of the AI-driven rally, according to a report by Bloomberg.
