Arbitrageurs have been building a stake in the £2.5bn Alliance Trust. Deutsche Bank has taken a ...
Arbitrageurs have been building a stake in the £2.5bn Alliance Trust. Deutsche Bank has taken a 3% stake in the trust on behalf of an unnamed hedge fund or activist investor. A likely buyer being touted by analysts is Lars Bader, managing partner of QVT Financial. QVT is part of a consortium of investors which has built up a 29.7% stake in Peter Webb’s Eaglet and is looking to oust three directors from the small-cap trust’s board. However, analysts do not believe the 3% stake represents a threat to the giant investment trust. Charles Cade at Wins said due to the trust’s size and n...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
