Jupiter Asset Management launches its first hedge fund June 3, 2025 Asset management giant Jupiter has launched its first ever hedge fund as it seeks to reposition itself away from the group’s traditional retail audience. Aimed at professional investors with a minimum investment of £500,000, the fund marks the company’s first entry into the nearly $5 trillion hedge fund market. The fund, called GEARx, is a [...]
Man Group stock price target downgraded on performance fee concerns May 1, 2025 Man Group’s share price target has been downgraded by City broker Peel Hunt over concerns that the investment manager could see performance fee returns plummet in 2025. In a trading update last month, Britain’s largest hedge fund revealed that its assets had dropped by $5.6bn (£4.2bn) in the first two weeks of April thanks to [...]
Man Group: Hedge fund racks up billions in performance losses April 17, 2025 Assets at hedge fund Man Group dropped by $5.6bn (£4.2bn) in the first two weeks of April as market volatility hit the asset manager’s strategies. While assets under management at Man Group jumped from $168.6bn (£127.6bn) to $172.6bn (£130.6bn) in the first three months of the year, they then fell sharply to $167bn (£126.4bn) in [...]
FCA set to overhaul hedge fund and alternative investment rules April 7, 2025 The Financial Conduct Authority has launched a consultation to soften regulations on hedge fund and alternative investment management rules. In an announcement today, the Treasury said it will be lifting the size threshold for alternative asset managers to be subjected to the main rules for the sector, from £100m in assets under management to £5bn. [...]
Crispin Odey banned from financial industry March 17, 2025 Former hedge fund manager Crispin Odey has been fined £1.8m and banned from working in the financial services industry by the Financial Conduct Authority. The financial watchdog cited Odey’s “lack of integrity” in their decision after he attempted to escape the allegations of sexual assault he faced at his firm. Odey “deliberately sought to frustrate” [...]
Blackrock trusts agree peace deal with Saba Capital January 22, 2025 A host of Blackrock-run investment trusts have made a peace deal with US hedge fund Saba Capital, amid its activist campaign to take over the boards of several UK trusts. In a series of stock exchange announcements, the Blackrock trusts said that they had made an agreement with Saba to be left alone by the [...]
Chris Hohn: Hedge fund boss’s pay slumps to just £42m December 23, 2024 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 December 19, 2024 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 December 18, 2024 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 [...]