Palliser Capital (UK) Ltd

Palliser Capital is a London-based alternative investment manager founded in 2021. The firm operates with a value-oriented, event-driven investment philosophy, seeking opportunities across global capital structures where complexity or distress leads to undervaluation. Its mission involves achieving positive change and value enhancement through thoughtful, constructive, and long-term engagement with target companies and their stakeholders.

As a hedge fund manager, Palliser Capital specializes in investment management, focusing on identifying and capitalizing on situations that can be monetized through intensive processes or proprietary catalysts. The firm manages a global multi-strategy fund, with a notable focus on market segments in Asia and Europe. As of a recent overview, Palliser Capital reported Assets Under Management (AUM) of $746 million.

Led by founder James Smith, formerly of Elliott Management, Palliser Capital has recently been active in several high-profile activist campaigns. In March 2026, the firm published a Value Enhancement Plan for Ajinomoto, proposing strategies to unlock significant shareholder value. In May 2026, it acquired a stake in Autotrader Group, advocating for substantial shareholder returns. The firm also presented a Value Enhancement Plan for SMC Corporation in April 2026, including a proposed ¥600 billion share buyback, and highlighted value opportunities at WUS Taiwan in June 2026. Additionally, Palliser Capital built a stake in Intertek in May 2026, urging engagement on a takeover bid, and previously engaged with Rio Tinto regarding its dual-listed structure.