Chris Hohn: Hedge fund boss’s pay slumps to just £42m Investing Hedge fund boss Chris Hohn took a £233m pay cut this year, as his fund paid out around £340m in charitable donations. The head of TCI Fund Management, Hohn took home $53m (£42m), down from the $346m (£276m) he collected in 2023, Companies House filings have revealed. TCI, which previously employed former prime minister Rishi [...]
Why one US hedge fund is taking aim at the UK’s biggest investment trusts Investing A shake up could be coming for the UK’s investment trust industry after US hedge fund Saba Capital launched a campaign to topple the boards of seven different companies yesterday. “Like the Ghost of Christmas Past, Saba has descended upon the investment trust industry, urging self-reflection,” said Shavar Halberstadt, analyst at Winterflood. There have been [...]
US hedge fund launches activist offensive against UK investment trusts Investing US hedge fund manager Saba Capital has launched a campaign to oust the boards of seven top UK investment trusts today after amassing stakes in the firms over the past year. In an open letter to the companies today, the activist investor said it was triggering shareholder votes to “elect new directors with a concrete [...]
Dan Loeb’s Third Point weighs ‘strategic options’ after pressure from activist investors December 11, 2024 Hedge fund Third Point investment trust has identified “a number of credible strategic options” to boost its share price following a strategic review led by activist investors. In April, the trust appointed a duo of activist investors to its board to try and fix the persistent gap between its share price and value of its [...]
Hedge fund managers could buy land, MPs told, as Tories fail to scrap ‘farm tax’ December 4, 2024 Hedge fund managers could buy up farmland if UK farmers sell up to avoid the inheritance levy, MPs were told, as the Tories brought a vote on the so-called ‘family farms tax’. Conservative MPs used an opposition day debate on Wednesday to bring a Commons vote on Labour’s Budget measure which would see farmers pay [...]
Man Group outflows jump after large client pulls funds October 17, 2024 Man Group was hit by $5.5bn (£4.2bn) in outflows during the three months to September, driven by a single client redeeming its money.
‘Critical growth hub’: Hedge funds drive demand for office space in London July 19, 2024 Over $13.1 trillion (£10.4 trillion) in assets are managed in London, and the capital has remained the world's second-largest centre for hedge funds and private equity firms globally after New York.
Hedge fund Eisler Capital hit with legal challenge by London specialist headhunter May 13, 2024 London-based investment firm Eisler Capital is facing a £388,800 legal challenge by a specialist hedge fund headhunter over alleged breach of contract
Traders bet on Thames Water crisis contagion as firm races to agree survival plan April 17, 2024 Traders at major hedge funds are betting against the assets of British water companies amid fears over their levels of debt highlighted by the crisis engulfing Thames Water.
Elliott mulls new higher offer for Currys after initial £700m bid rejected February 19, 2024 In an update this morning, the owner of Waterstones, said: “Elliott confirms that it is considering a possible cash offer for Currys.”