hedge funds

With many asset classes overvalued and volatility increasing, James Burns, head of multi-manager at Smith and Williamson, explains why he has turned to a global macro hedge fund for portfolio protection

The best hedging strategy in town?

Rewarding failure

Alliance Trust has revealed it spent £3m contesting proposals put forward by hedge fund Elliott Advisors, prior to the 11th hour compromise agreed yesterday.

Alliance Trust chief executive Katherine Garrett-Cox has defended her remuneration package ahead of a crucial week for the company, saying she has fully reinvested her 2014 and 2015 bonuses as a sign of "commitment".

Reade Griffith, the hedge fund manager who built sizeable stakes in Ashcourt Rowan and WH Ireland last year, has upped his stake in Liontrust Asset Management to 10%.

Ben Bernanke has become a senior adviser to a prominent US hedge fund, his first non-research role since leaving the US Federal Reserve.

Another shareholder body has added its voice to those recommending that Alliance Trust shareholders support the changes put forward by Elliott Advisors.

Managers pick their top alternative assets

Elliott Advisors has increased its voting stake in Alliance Trust in the run up to the trust's annual general meeting later this month.