Hints and tips:
...Nomura Asset Management, Vanguard and BlackRock are all major shareholders, and Elliott’s stake is at least 2.5 per cent, according to people familiar with the situation....
...Palliser, a company led by former employees of activist fund Elliott Management, holds a 1.6 per cent stake in Keisei Electric Railway, which runs trains around Tokyo and includes one of the main lines from...
...These include the 2022 appointment of Elliott’s Nabeel Bhanji to the board of Toshiba....
...The company said it would listen to the voices of Elliott and other shareholders in compiling the strategy....
...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....
...But others, including Nabeel Bhanji, the senior portfolio manager at the activist fund Elliott who was appointed to the Toshiba board as an independent director in 2022, said he hoped that the Toshiba saga...
...Additional reporting by Leo Lewis in Tokyo...
...These and other reforms have made Japan’s substantial equity market a magnet for the world’s largest activist funds, including Elliott Management, Third Point, ValueAct and Effissimo....
...This year, activist fund Elliott revealed that it had made a major investment in Dai Nippon Printing and was pressing the company to sell parts of its vast property portfolio in central Tokyo....
...opened up between their share prices and the value of the assets they hold, they’re battling the worst year for raising capital in a decade, and they’re being targeted by hedge funds including Paul Singer’s Elliott...
...And I think that’s why I love artists like Elliott Smith, those early records, because they were just that he’s just playing everything himself. He’s doubling his own vocals....
...leo.lewis@ft.com...
...Elliott’s investment in DNP adds to a resurgence in investor pressure on Japanese companies....
...Elliott also sees DNP as having untapped value in two of its non-traditional businesses....
...These days, Deloitte and KPMG are asking some US-based staff to use burner phones when they travel to Hong Kong, DD’s Kaye Wiggins and the FT’s Leo Lewis and Joe Leahy report....
...The lines are already drawn: JPMorgan Chase’s Jamie Dimon and proxy adviser Glass Lewis have backed Iger, while ISS, the other main proxy adviser, has thrown its weight behind Peltz....
...Shares in Dai Nippon Printing rose by almost 40 per cent in January after it was revealed that Elliott had become one of its largest shareholders....
...One North London thing to start: Joe Lewis, the British billionaire whose family owns England’s Tottenham Hotspur football club, has pleaded guilty to three criminal counts in an insider trading case, tarnishing...
..., Leo Lewis and Kana Inagaki write for the Financial Times....
...Large funds, such as Elliott and Citadel, have said since the start of the year that they are either opening offices in Tokyo or expanding their coverage of Japan at home....
...Another investor said that the current makeup of the Toshiba board, which includes outside directors drawn from the activist funds Elliott Management and Farallon Capital, meant that there was now “reasonable...
..., DNP’s managing director, told the FT’s Leo Lewis, Kana Inagaki and Eri Sugiura....
...Toshiba last year appointed two new board members from activist investors Elliott Management and Farallon Capital and pledged to carry out a fair and transparent bidding process....
...The auction had attracted names such as Will Lewis, who is now off to run the Washington Post, Rupert Murdoch and DMGT’s Lord Rothermere....
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