Elliott Boosts Stakes In F&C To 11 Percent

Elliott Management has enhanced its stake in F&C Asset Management with an 11% derivatives stake, according to a report from Financial Times. Elliott’s position worth about £80 million was acquired through a bulk trade on Tuesday night, the Financial Times report reveals. F&C in several funds’ radars Last month, Polygon Global Investors, LLC in its letter to investors revealed that it holds a significant stake in F&C Asset Management plc (LON:FCAM), which was up 35% in January due to an offer from Bank of Montreal (NYSE:BMO). The report makes a case for holding onto the shares of F&C as other…