Hedge Fund Parvus Shows Hand, Toppling William Hill Deal

(Bloomberg) The founders of London-based hedge fund Parvus Asset Management like to play their cards close to their chest. By showing their hand in a recent investment, they thwarted a proposed merger of gambling companies William Hill Plc and Amaya Inc.

Parvus, set up in 2004 by a former Merrill Lynch fund manager and analyst, operates from a discreet townhouse in London’s Mayfair neighborhood, home to Claridge’s Hotel and the luxury boutiques of Bond Street.

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