Wealth advisory firm set for £240m sale as bidders circle Markets Wealth advisory firm Equiom is set for a potential £240m sale in what would be the latest in a wave of dealmaking across the sector, City AM can reveal. The Isle of Man headquartered firm, which counts family offices and high net worth individuals among its client base, is currently running a sale process and [...]
City law firm lands record £36bn BHP case Legal City-based law firm Quinn Emmanuel has been appointed to lead litigation on a £36bn claim against BHP, one of the largest class action claims in UK history. Another London-based law firm, Pogust Goodhead, is leading the claim against the mining giant over a 2015 collapse of a dam in Brazil, and said on Wednesday it [...]
Griffin’s Citadel to swerve New York after mayor’s wealth tax campaign Wealth Hedge fund juggernaut Citadel has diverted investment earmarked for New York to its Miami headquarters, founder Ken Griffin has said, after the city’s socialist mayor filmed a video promoting a new ‘pied a terre’ wealth tax outside the billionaire’s $285m penthouse. Griffin told CNBC that because of mayor Zohran Mamdani’s social media clip, his $67bn [...]
Semi-liquid vehicles set to surpass $3 trillion as more retail investors enter the market April 20, 2026 Wealth managers and private market fund managers anticipate semi-liquid assets under management to rocket over the next four years, as more retail investors tap into the market. Assets under management (AUM) held in semi-liquid vehicles is expected to exceed $3 trillion (£2.2 trillion) in 2030, according to Carne Group, with the market nearly tripling between [...]
Bill Ackman in talks to launch fund in bid to pounce on investor complacency April 9, 2026 Bill Ackman is reportedly in talks to launch a new fund in an attempt to copy the success of doomsday trades the investor made during the covid pandemic. The billionaire hedge fund manager’s investment company Pershing Square would use the fund to make “asymmetric” trades aimed at profiting by betting against the leading market narratives, [...]
Iran conflict sparks worst month of outflows since Autumn Budget April 8, 2026 The Middle Eastern conflict has triggered the worst bout of equity market outflows in months as investors retreated from stocks over fears of soaring inflation and fuel shortages. Equity fund outflows jumped to £1.4bn in March, a jump of 55.3 per cent compared to February, marking March as the worst month since November 2025, when [...]
Caxton extends losses as Iran war slams markets March 25, 2026 London based hedge fund Caxton Associates has extended its losses as the Middle Eastern conflict continues to impact global markets. The fund’s losses rose by more than $1.3bn (£971.1m), with its $9bn macro fund, which is run by chief executive Andrew Law, is down 15 per cent this month to 20 March, according to two [...]
Iran war: Staff at hedge fund Millennium weigh swapping Dubai for Jersey March 24, 2026 Hedge fund Millennium is exploring possible ways to settle staff who do not wish to return to Dubai in Jersey, as firms seek tax-favourable alternatives as the Middle Eastern conflict rages. The multi-manager firm, which had over 100 employees based in Dubai before the war broke out just under a month ago, is prepared to [...]
Crispin Odey threatened to ‘shut down’ fund if board tried to oust him March 9, 2026 Crispin Odey threatened to “shut down” his eponymous hedge fund if he was dismissed by its board or it proceeded with investigations into his alleged misconduct against his wishes, a court will be told. Disgraced financier Odey faces the City watchdog at the High Court this week as he seeks to overturn a ruling that [...]
Blackrock fund limits withdrawals amid private credit fears March 7, 2026 The world’s largest asset manager BlackRock has limited withdrawals from a flagship debt fund after a surge in redemption requests, as investors worries on the private credit industry grow. Blackrock’s shares tumbled 7.1 per cent on Friday following the announcement, closing at $955.45 (£713.37), amid a broader market sell off after worse than anticipated US [...]