The rapacious hedge funds poised to pounce on GKN

ELLIOTT ADVISORS, New York: One of the world’s most ruthless hedge funds, notorious for buying up cheap debt in poor countries and then demanding payment in full. GKN stake 3.85 per cent, current value £283million

SAND GROVE CAPITAL MANAGEMENT, Mayfair: European-focused fund that seems to make money by buying into big deals. GKN stake 2.07 per cent, current value £153million

MELQART ASSET MANAGEMENT, St James’s: Short-term profit-taker that grew to £425million last year, becoming so big it stopped taking new investors’ money. GKN stake 1.08 per cent, current value £80million

EMPYREAN CAPITAL PARTNERS, Los Angeles: Set up in 2004 by former Goldman Sachs banker Amos Meron. Backed by some of the world’s biggest pension funds. GKN stake 0.97 per cent, current value £71million

DAVIDSON KEMPNER CAPITAL MANAGEMENT, New York: One of the oldest hedge funds, founded 35 years ago. GKN stake 1.23 per cent, current value £91million