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Standard Chartered expands hedge fund push as wealth clients seek volatility protection

Standard Chartered is increasing its focus on hedge fund strategies as it encourages wealth management clients to diversify portfolios and reduce their exposure to volatile markets, according to a…

  • Standard Chartered expanding hedge fund offerings for wealth clients.
  • Bank aims to diversify portfolios and minimize market volatility exposure.
  • Equity market neutral and multi-strategy hedge funds being promoted.

Pinewood Technologies agrees £545m take-private deal with Ridgeview

UK-listed automotive software provider Pinewood Technologies is set to leave the public markets after agreeing to a £545m ($739m) takeover by US private equity firm Ridgeview, according to a report by…

  • Pinewood Technologies to be taken private for £545m by Ridgeview
  • Shareholders to receive £4.48 per share, 43% premium
  • Ridgeview aims to enhance AI development and North American growth

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