Elliott Takes Stake In Acquisition Target F&C

Feb 28 2014 | 11:45am ET

Elliott Management may be trying to boost the acquisition price of a fellow asset manager.

The New York-based activist hedge fund has taken an 11% stake in F&C Asset Management through derivatives, the Financial Times reports. The Bank of Montreal last month offered to buy F&C for £700 million.

Elliott is expected to agitate for a higher price, either from BMO or a rival bidder.


In Depth

Q&A: Sancus Capital And The Disruption Of The CLO Market

Oct 5 2017 | 6:28pm ET

Traditional collateralized loan obligation (CLO) funds in the U.S. market can offer...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Finding Success as Alternatives Converge

Oct 9 2017 | 4:00pm ET

Rising interest among institutional investors over the past several years has led...

 

From the current issue of