Hedge fund wants Fincantieri to pay more for Vard

A hedge fund has been buying up shares in Vard Holdings at above the offer price being offered by Fincantieri, TradeWinds has learnt.

MVN Asset Management had acquired a 5.7% stake in Vard as of 2 February, according to regulatory filings to the Singapore Exchange.

The London-based company, which was only set up in 2015, says its focus is on what it describes as “equity event driven strategies across the globe, with a focus on Europe”.

Fincantieri,