Private Equity

Elliott Outspends Rivals As Corporate Activism Turns To Germany | News

by wsau.com posted 1year ago 43 views
FRANKFURT/BOSTON (Reuters) - Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies. Elliott, Paul Singer's $35 billion hedge fund, committed $3.4 billion in new capital in the first six months of 2019, data on the sector compiled by Lazard show, outpacing Carl Icahn who spent $2.8 billion. Elliott has investments in pharmaceutical and life sciences company Bayer and software firm SAP, reflecting the rise in activism directed at corporate Germany.

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