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’UK’s Winton Capital considering £100m hedge fund float
Winton Capital, a hedge fund which manages $8bn worth of assets, is considering the flotation of a single-manager fund, the Financial News said on Monday.
Winton, which relies on computer-generated momentum trading strategies,
Stage set for MAN-Scania breakthrough
The chairmen of Volkswagen, Investor and MAN will meet this week to begin “friendly and constructive” negotiations over a merger of MAN and rival truckmaker Scania. The breakthrough follows months of escalating tension after MAN made a €10.3bn hostile bid to take over Scania last September.
Snap: Man Group
Man Group, the world’s largest listed hedge fund company, released its third quarter funds under management figures on Thursday:
Funds under management at today’s date estimated at over $60bn, up from $56.8bn in Sep 2006
Sales in the three months to Dec 31 were $2.5bn
Redemptions totalled $1.1bn,
MAN’s takeover battle with Scania reaches final lap
The players involved in one of the bitterest European takeover battles in recent history are preparing for the end game this month. MAN’s hostile €10.3bn offer for Swedish truck maker Scania expires at the end of the month and,
MAN could sweeten Scania offer
German truckmaker MAN on Wednesday welcomed the unconditional approval from Europe’s competition regulator for its €10.3bn hostile bid for rival Scania and hinted that it could sweeten its SKr475 a share offer.