Friday Briefing: I wonder how much asset managers spend on legal fees

Friday Briefing

James Baxter-Derrington
clock • 3 min read

It’s been a big week for the providers of legal services to asset managers.

Since Monday, we've had a bidding war over Hipgnosis Songs Fund, with Blackstone stating in no uncertain terms it will happily utilise its call option, Chrysalis has issued a draft claim against a former holding, RGL has confirmed it will continue its Woodford-related Hargreaves Lansdown case, Harcus Parker is weighing action against a Home REIT sister fund and a JP Morgan trust is facing a Russian court. Friday Briefing: The Caledonian Ranger rides again The Hipgnosis bids began last Thursday, with Concord offering $1.16 per share, before Blackstone swept in with a $1.24 bid, which w...

To continue reading this article...

Join Investment Week for free

  • 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

Join now


Already an Investment Week


More on Fund management