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...DNP is planning a meeting in March to present the main pillars of a new medium-term business strategy to investors....
...The expansion by Citadel, among the world’s biggest hedge funds by assets under management, comes as others investors including the activist fund Elliott have been growing their Japan-focused teams....
...Among the other groups that announced investments in the state at the government-organised Global Investors Meet on Sunday were South Korean carmaker Hyundai and Indian EV and ride-hailing company Ola....
...As India’s first listed electric vehicle company, Ola Electric would give investors an initial opportunity to bet on the country’s EV adoption, which is so far concentrated in two-wheelers in one of the...
...It will combine the work of public company investor activism with any subsequent control buyouts....
...Before the current buying streak, Ark had largely sold shares in the EV maker for three straight quarters....
...The company’s share price jump should not be taken as proof of widespread investor confidence. Trading volumes were skimpy, worth about $185mn of its shares....
...The global EV crown is up for grabs as brand loyalty towards gas-powered cars fades....
...Last year it filed IPO documents for Zeekr, an entirely new EV brand, on the New York Stock Exchange....
...Investors have now soured on the deals....
...But the direct lending funds they manage may begin to post lower returns, investors said....
...Second, it’s increasingly hard to fault a global investor for skipping a China allocation altogether; the unquantifiable political risks are daunting. Still, US investors can’t escape China’s impact....
...The valuations achieved by new EV businesses have been a source of intense frustration to established carmakers, who consider themselves underrated by investors....
...News round-up Activist fund Elliott seeks board seats at oil refiner Phillips 66 (FT) Castore scores £950mn valuation after Raine-led funding round (FT) Farfetch shares plunge despite talk of founder...
...— In 2022, Fintech Holdings Ltd. acquired a troubled Puerto Rico bank, renaming it Hamilton International Reserve Bank LLC (“HIRB”)....
...James Bayliss, the head trader at Elliott Management in London, has left the firm, the latest departure of a long-serving member from the $59bn US hedge fund’s main European office....
...ValueAct also holds a stake in Salesforce, which drew a flurry of activists, including Elliott Management and Starboard Capital, who sought stronger financial discipline from its founder Marc Benioff....
...NRG, a US energy group, has parted ways with chief executive Mauricio Gutierrez following a months-long campaign by activist investor Elliott Management....
...Former Elliott investor Leo Markel and ex-ValueAct investor Daniel Urdaneta have launched a new London-based fund called Finch Bay Capital, per Reuters....
...Banks underwriting $3.7bn of loans and bonds to fund the buyout of healthcare company Syneos Health by Elliott Management, Veritas Capital and Patient Square Capital, also received strong demand....
...“The whole world is moving to EVs . . . we are not competing for a shrinking market share.”...
...“We didn’t do it because Elliott told us to do it, but other investors had told us similar things and we realised that the direction they were seeking was not that different from ours,” Hirofumi Hashimoto...
...The carmaker, which has turned away from building petrol-fuelled vehicles to concentrate on EVs, is building a factory in North Carolina and has opened showrooms across the US west coast....
...Jay Newman was a senior portfolio manager at Elliott Management. Jim Cornell is President of NuCore Energy, a nuclear-fuel advisory and investment group....
...Blue Owl, Ares, Oak Hill, HPS Investment Partners, Oaktree and Elliott Management were among the investors that agreed to lend the $4.8bn this week....
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