Hedge fund takes stake in Saga


International hedge fund, Elliot, has acquired a stake in Saga which offers insurance and travel to the over-50s market and floated on the Stock Exchange in 2014.

According to a regulatory filing on the Saga website the fund has bought a 5.141% slice of the business.

The deal completed yesterday (16 July) in the UK.

A Saga spokesperson said: “We have good and open relations with all of our shareholders and expect to be in contact with Elliott shortly.”

Most recently Saga announced

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: