Friday, 21 November 2014
Last updated 1 hour ago
Mar 26 2014 | 10:42am ET
F&C Asset Management has the backing of its shareholders for a £708 million sale to the Bank of Montreal, the firm said yesterday.
F&C said an overwhelming 99.6% of shares voted in favor of the deal, which was announced in January. The merger will close on May 6.
The vote puts to rest speculation that Elliott Management might seek to drive up BMO’s price or to find a rival bidder. Elliott last month bought an 11% derivatives stake in F&C.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...