Latest news with #VeritionFundManagementLLC
Business Wire
15-07-2025
- Business
- Business Wire
Form 8.3 - American Axle & MFG Holdings
LONDON--(BUSINESS WIRE)-- FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the 'Code') 1. KEY INFORMATION (a) Full name of discloser: Verition Fund Management LLC (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree AMERICAN AXLE & MFG HOLDINGS (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 14 July 2025 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state 'N/A' Yes – the Offeree: DOWLAIS GROUP PLC Expand 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: USD 0.01 Common Interests Short positions Number % Number % (1) Relevant securities owned and/or controlled: 317,754 0.27 984,600 0.83 (2) Cash-settled derivatives: 0 0.00 19 0.00 (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 317,754 0.27 984,619 0.83 Expand All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions) (b) Rights to subscribe for new securities (including directors' and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: Expand 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unit (USD) USD 0.01 Common Purchase 4,200.00 4.82 USD 0.01 Common Purchase 17,600.00 4.82 USD 0.01 Common Purchase 4,600.00 4.80 USD 0.01 Common Purchase 24,289.00 4.81 USD 0.01 Common Purchase 4,400.00 4.82 USD 0.01 Common Purchase 16,785.00 4.80 USD 0.01 Common Purchase 21,800.00 4.75 USD 0.01 Common Purchase 410.00 4.80 USD 0.01 Common Purchase 150.00 4.75 Expand (b) Cash-settled derivative transactions Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (USD) Expand (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit Expand (ii) Exercise Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit Expand (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable) Expand 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state 'none' None Expand (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state 'none' None Expand (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Expand Date of disclosure: 15 July 2025 Contact name: Aurelie Lauduique Telephone number*: +44 20 4536 5452 Expand Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129. *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit. The Code can be viewed on the Panel's website at
Web Release
04-03-2025
- Business
- Web Release
DIFC and leading global hedge fund Verition, launch search for world-class interns
By Editor_wr On Mar 4, 2025 Verition Fund Management LLC ('Verition'), a leading global multi-strategy hedge fund, today announced the launch of its inaugural internship programme for its office in Dubai, in collaboration with Dubai International Financial Centre (DIFC). DIFC's inaugural Future of Finance report (released in February 2024), which was developed using network-based research and discussions with leaders from the industry including Verition, identified the importance of overcoming potential talent shortages by attracting and retaining professionals through competitive compensation, continuous training programmes and partnerships with educational institutions. Verition's internship initiative helps address some of the findings by providing talented university students, including UAE Nationals with valuable hands-on experience in the world of global finance. With USD 12bn in assets under management (AUM) and a team of over 700 employees worldwide, Verition operates offices across the US, UK, Hong Kong, Singapore, and Dubai. Since establishing in DIFC in 2023, the firm has steadily expanded its presence in the region, quickly growing its employee base and diversifying the number of strategies managed from Dubai. As part of Verition's commitment to cultivating the talent pool within the United Arab Emirates, the 16-week immersive and highly selective internship programme will welcome students from Zayed University, American University in Dubai, American University of Sharjah, among other top UAE universities. Participants will rotate across various investment-focused groups, including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies. Additionally, they will gain insight into critical non-investment functions such as treasury, operations, legal/compliance, and more. The internship programme will be hosted in-person at Verition's Dubai office, located in DIFC. Participants will benefit from personalised mentorship by seasoned professionals, a collaborative learning environment, and exposure to Verition's entrepreneurial culture, which values open communication and innovation across its strategies. Applications for the internship programme will open within the coming weeks. Students enrolled in undergraduate programmes studying finance, economics, or related fields are encouraged to apply. Further information about the programme and application details can be obtained by emailing [email protected] . Comments are closed.
Hi Dubai
04-03-2025
- Business
- Hi Dubai
Verition Fund Management Launches Internship Programme in Dubai
Verition Fund Management LLC, a global leader in multi-strategy hedge funds, has announced the launch of its inaugural internship programme at its Dubai office. The programme is in collaboration with the Dubai International Financial Centre (DIFC) and aims to offer valuable hands-on experience to university students, including UAE Nationals, in the world of global finance. This initiative is a direct response to the findings from DIFC's Future of Finance report, released in February 2024. The report, developed through discussions with industry leaders, including Verition, highlights the importance of overcoming talent shortages by attracting professionals through competitive compensation, continuous training, and partnerships with educational institutions. The 16-week programme will provide students from top UAE universities, such as Zayed University, the American University in Dubai, and the American University of Sharjah, the opportunity to rotate across various investment groups, including Credit, Equity Long/Short, and Quantitative Strategies, among others. Interns will also gain insight into non-investment functions such as legal, operations, and compliance. Verition, which has $12 billion in assets under management (AUM) and offices worldwide, has been rapidly expanding its presence in Dubai since its establishment in DIFC in 2023. The internship programme will be hosted in-person at Verition's DIFC office, where participants will receive personalised mentorship and work in a collaborative environment that encourages open communication and innovation. Applications for the internship programme will open soon. Students studying finance, economics, or related fields are encouraged to apply. For more details, interested candidates can email internships@ News Source: Dubai Media Office
Zawya
03-03-2025
- Business
- Zawya
DIFC and leading global hedge fund Verition, launch search for world-class interns
Dubai: Verition Fund Management LLC ('Verition'), a leading global multi-strategy hedge fund, today announced the launch of its inaugural internship programme for its office in Dubai, in collaboration with Dubai International Financial Centre (DIFC). DIFC's inaugural Future of Finance report (released in February 2024), which was developed using network-based research and discussions with leaders from the industry including Verition, identified the importance of overcoming potential talent shortages by attracting and retaining professionals through competitive compensation, continuous training programmes and partnerships with educational institutions. Verition's internship initiative helps address some of the findings by providing talented university students, including UAE Nationals with valuable hands-on experience in the world of global finance. With USD 12bn in assets under management (AUM) and a team of over 700 employees worldwide, Verition operates offices across the US, UK, Hong Kong, Singapore, and Dubai. Since establishing in DIFC in 2023, the firm has steadily expanded its presence in the region, quickly growing its employee base and diversifying the number of strategies managed from Dubai. As part of Verition's commitment to cultivating the talent pool within the United Arab Emirates, the 16-week immersive and highly selective internship programme will welcome students from Zayed University, American University in Dubai, American University of Sharjah, among other top UAE universities. Participants will rotate across various investment-focused groups, including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies. Additionally, they will gain insight into critical non-investment functions such as treasury, operations, legal/compliance, and more. The internship programme will be hosted in-person at Verition's Dubai office, located in DIFC. Participants will benefit from personalised mentorship by seasoned professionals, a collaborative learning environment, and exposure to Verition's entrepreneurial culture, which values open communication and innovation across its strategies. Applications for the internship programme will open within the coming weeks. Students enrolled in undergraduate programmes studying finance, economics, or related fields are encouraged to apply. About Verition Fund Management Verition Fund Management LLC ('Verition') is a multi-strategy, multi-manager hedge fund founded in 2008. Verition focuses on global investment strategies including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies. About Dubai International Financial Centre Dubai International Financial Centre (DIFC) is one of the world's most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region's largest financial ecosystem of 46,000 professionals working across over 6,900 active registered companies – making up the largest and most diverse pool of industry talent in the region. The Centre's vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region's most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups. Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels, and public spaces, DIFC continues to be one of Dubai's most sought-after business and lifestyle destinations.
