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Briton Sanjay Shah is accused of defrauding the Scandinavian nation of $1.3bn

Shah Capital wants change in US biotech’s strategy as its shares have tumbled since their pandemic peak

The partnership between US activist Jana and Cannae might not have to look far for potential targets

Cornerstone of UK equity market under pressure from low-cost competition and higher interest rates

Ken Griffin and Izzy Englander’s funds likely to have outperformed wider hedge fund industry

A tie-up with Frontier might be the cleanest way forward

Failure of private equity firms to return cash to investors is blocking institutions from backing hedge funds

Plus, Fink warns on protectionism, US junk bonds sell-off, and the Dolce Vita Orient Express

Izzy Englander’s $60bn firm had planned to put money to work with smaller multi-strategy rival

Short bets reflect broader loss of enthusiasm for green energy stocks