Tuesday, 3 March 2015
Last updated 1 min ago
Feb 28 2014 | 10:45am 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…