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Elliott Management Builds More Than $2.5B Stake In Softbank
Posted on: Feb. 6, 2020, 3:31 p.m.
Elliott Management Corp. has quietly built up a more than $2.5 billion stake in Japan’s SoftBank Group Corp. and is pushing the sprawling technology giant to make changes that would boost its share price, according to people familiar with the matter. Founded by billionaire Paul Singer, New York-based Elliott is known as a formidable activist investor, often seeking to influence company management. SoftBank is one of Elliott’s largest bets, according to people familiar with the matter. At current prices, the … Full investment news article
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Paul Singer,
This Hedge Fund Titan Can Buy Everything But A Baseball Team
Posted on: Feb. 6, 2020, 3:31 p.m.
Steve Cohen really wants to buy the MLB’s New York Mets but that isn’t happening. Cohen, the famous hedge fund manager who paid $1.8 billion in fines for insider trading in 2013, tried late last year to buy an 80% stake of the Mets for $2.6 billion but appears to have failed in his quest. Cohen, the founder of hedge fund Point72 Asset Management, has owned a small share in the team he loves since 2011 and has been in … Full investment news article
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Point72 Asset Management,