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...Elliott Management is calling for Japan’s biggest property group, Mitsui Fudosan, to launch a ¥1tn ($6.8bn) share buyback as the US activist fund targets the most prestigious end of the Tokyo stock market...
...Earlier this month, UK chancellor Jeremy Hunt announced Canary Wharf Group would receive a £118mn loan from a government housing infrastructure fund to support developing a life-sciences centre, a healthcare...
...They will also support a $1bn fund for AI developers. “Microsoft’s large investment is not something we do without a lot of thought,” Smith added....
...The Italian team was sold to private equity group RedBird Capital Partners for €1.2bn, the highest price paid for a club outside the English Premier League....
...The family-backed company bought London-listed speciality chemicals group AZ Electronic Materials for £1.6bn, including debt, in 2014....
...Anson Funds, Mangrove Partners and All Blue Capital, which agreed to participate in a $50mn convertible debt offering this year after other funds had walked away, are sitting on more than $400mn in gains...
...“Our group has high conviction that this view is shared by a significant portion of the shareholder base.”...
...While Elliott has a long record of distressed debt investing, it is best known in the UK for its activist equity bets, including pushing for change at pharmaceuticals group GSK and more recently at Scottish...
...Industry groups contend there is no need to change the current system....
...In 2017, Best joined Elliott as the hedge fund sought to build out a private equity strategy....
...The third big index fund provider, State Street, is owned by a bank and regulated differently....
...Some of the world’s biggest investors including Norway’s oil fund and a Canadian pension giant have failed in a bid to push Samsung’s de facto holding company to increase dividends and share buybacks....
...A group of lenders accused Byju’s of wiring more than $500mn to an obscure Florida-based hedge fund with a registered address to a branch of pancake chain IHOP....
...They are commonly used by hedge funds to build positions in companies and are typically facilitated by big banks....
...Miller, a shareholder who co-founded Crown Castle, filed his case seeking to nullify a “co-operation agreement” the company signed with Elliott in late 2023, which he claimed allowed the powerful hedge fund...
...Its performance significantly boosted the Japanese tech investment group’s net income figure in the last quarter....
...Adrian Frost, an investment manager at Artemis Fund Managers, a top-20 shareholder, said the bid price was “way off”....
...Robert Kyncl, chief executive of Warner Music, said at its last results that it had freed up more funds to invest in music and technology....
...Brian Menell, chief executive of TechMet, said that despite the efforts of funds like his, “the problem of future shortages and Chinese control is growing day by day”....
...The FT reported on Monday it carries a growing liability to the University of California because of a performance promise it offered in exchange for a $4.5bn investment into its property fund a year ago....
...The airline had initially signed up to a stock merger with Frontier Group, a similar deep discounter like Spirit....
...The group still owns a wine estate, Vergelegen, in the hills of the Western Cape outside Cape Town....
...The hedge fund and private equity group is known for taking an activist approach to investing, engaging in boardroom battles to influence the future direction of the companies in which it has a stake....
...In a separate statement, the company said it had “no political agenda” and rejected rumours on social media that it was using its profits to fund “any government or military operations anywhere”....
...TMTG became a publicly listed company after merging with a cash-rich Spac called Digital World Acquisition Corp, several of whose founders have taken legal action....
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