Tag #Hedge Fund

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theguardian.com

🌐 85% Global Worthiness

Sep 8, 22:21

Johnson Received £240,000 from Hedge Fund After Venezuela Meeting

In February 2024, former UK Prime Minister Boris Johnson received £240,000 from hedge fund manager Maarten Petermann weeks after a meeting with Venezuelan President Nicolás Maduro, raising questions about the nature of the trip and Johnson's claims of acting as a diplomatic backchannel.

Johnson Received £240,000 from Hedge Fund After Venezuela Meeting

In February 2024, former UK Prime Minister Boris Johnson received £240,000 from hedge fund manager Maarten Petermann weeks after a meeting with Venezuelan President Nicolás Maduro, raising questions about the nature of the trip and Johnson's claims of acting as a diplomatic backchannel.

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What evidence links Johnson's Venezuela trip to the £240,000 payment?

A contract between Johnson and Merlyn Advisors, signed months prior, stipulated a fee of £200,000 per meeting. An invoice for £240,000 (including additional fees) was sent by Johnson's office to Petermann weeks after the Maduro meeting and paid in May 2024. This suggests a direct link between the Venezuela trip and the payment.

dailymail.co.uk

🌐 75% Global Worthiness

Jan 23, 01:10

Weinstein's Bid to Oust Herald Investment Trust Board Fails

Shareholders of the £1.3 billion Herald Investment Trust overwhelmingly rejected a proposal by Boaz Weinstein's Saba Capital to replace the board, dealing a major blow to Weinstein's campaign targeting seven London-listed trusts and highlighting strong shareholder engagement.

Weinstein's Bid to Oust Herald Investment Trust Board Fails

Shareholders of the £1.3 billion Herald Investment Trust overwhelmingly rejected a proposal by Boaz Weinstein's Saba Capital to replace the board, dealing a major blow to Weinstein's campaign targeting seven London-listed trusts and highlighting strong shareholder engagement.

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What was the outcome of Saba Capital's attempt to oust the board of the Herald Investment Trust, and what are the immediate implications for Weinstein's broader campaign?

Boaz Weinstein's Saba Capital failed in its attempt to replace the board of the £1.3 billion Herald Investment Trust. Shareholders overwhelmingly rejected Saba's proposals, with nearly two-thirds voting against the changes. This represents a significant defeat for Weinstein, who had targeted seven London-listed trusts.

dailymail.co.uk

🌐 75% Global Worthiness

Jan 3, 19:10

Herald Investment Trust Rejects Saba Capital's Takeover Bid

Saba Capital, a New York-based hedge fund, is attempting to take control of seven London-listed investment trusts, including Herald Investment Trust, after building up significant stakes. Herald's board is urging shareholders to reject Saba's proposal, citing concerns about potential value loss and ...

Herald Investment Trust Rejects Saba Capital's Takeover Bid

Saba Capital, a New York-based hedge fund, is attempting to take control of seven London-listed investment trusts, including Herald Investment Trust, after building up significant stakes. Herald's board is urging shareholders to reject Saba's proposal, citing concerns about potential value loss and ...

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What are the immediate implications of Saba Capital's attempted takeover of Herald Investment Trust?

Herald Investment Trust's board is urging shareholders to reject Saba Capital's bid for control. Saba, now the largest shareholder in seven London-listed investment trusts, seeks to replace boards and investment managers. This follows Saba's criticism of underperformance and discounts to net asset value (NAV).

theglobeandmail.com

🌐 85% Global Worthiness

Jul 22, 22:14

\$4 Billion Canadian Hedge Fund Waratah Capital Suffers Data Breach

Waratah Capital Advisors, a \$4-billion Canadian hedge fund, experienced a cybersecurity breach on June 24th, potentially exposing client data (names, SINs, account sizes) via a third-party IT provider's backup systems; the firm is offering 24 months of credit monitoring.

\$4 Billion Canadian Hedge Fund Waratah Capital Suffers Data Breach

Waratah Capital Advisors, a \$4-billion Canadian hedge fund, experienced a cybersecurity breach on June 24th, potentially exposing client data (names, SINs, account sizes) via a third-party IT provider's backup systems; the firm is offering 24 months of credit monitoring.

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How did the attack vector used in the Waratah breach differ from previous incidents, and what vulnerabilities does it expose?

This breach highlights the vulnerability of even large financial institutions to sophisticated cyberattacks, impacting high-net-worth individuals and potentially causing significant financial and reputational damage. The use of a third-party IT provider underscores the expanded attack surface in modern financial services. The incident follows similar breaches at other Canadian firms, such as LifeLabs and Desjardins.

dailymail.co.uk

🌐 75% Global Worthiness

Jan 8, 16:09

Janus Henderson Rejects Saba Capital's Takeover Bid for London-Listed Trusts

Janus Henderson and Baillie Gifford are urging investors to reject Saba Capital's takeover bid for seven London-listed investment trusts, citing self-serving motives and potential risks to shareholder investments; votes are scheduled for February 4th and 5th.

Janus Henderson Rejects Saba Capital's Takeover Bid for London-Listed Trusts

Janus Henderson and Baillie Gifford are urging investors to reject Saba Capital's takeover bid for seven London-listed investment trusts, citing self-serving motives and potential risks to shareholder investments; votes are scheduled for February 4th and 5th.

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What are the immediate consequences if Saba Capital's takeover bid for the London-listed investment trusts succeeds?

Janus Henderson, managing $382.3 billion in assets, urges investors to reject Saba Capital's takeover bid for its London-listed investment trusts. This follows similar recommendations from Baillie Gifford, affecting several trusts. Shareholder votes are scheduled for February 4th and 5th.

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