FCAM F&C Asset Man

Hedge fund Elliott Management Corp. has accumulated an 11% derivatives stake in F&C Asset Management PLC (FCAFY), which is in the process of being acquired by Bank of Montreal (BMO), The Financial Times reported Wednesday.

In January, BMO agreed to acquire F&C for GBP708 million, the FT said. Elliott's derivative exposure is equal to about 63.8 million ordinary shares, or just under 11%, according to a filing.

Full story at http://www.ft.com/intl/fastft

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires