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Posted on: Aug. 1, 2018, 7:36 a.m.
I’d never heard of the phrase “psycho-terror” until the chairman of ThyssenKrupp AG used it in a recent newspaper interview to describe the tactics of some activist hedge funds. The comments from Ulrich Lehner were a bit gnomic but you’d assume he was referring to Elliott Management Corp., the New York fund that has bought a stake in the German industrial giant. Elliott certainly thought so, branding the remarks “defamatory.” Lehner has since resigned. After ThyssenKrupp’s profit warning on Tuesday ... Full investment news article