Hints and tips:
...His publicly traded holding company was targeted by a short seller and its shares plunged about two-thirds. The billionaire’s investment portfolio also struggled....
...Job moves Elliott Management, the US-based hedge fund, has promoted Nabeel Bhanji, Jason Genrich and Marc Steinberg to the partner rank, according to people familiar with the matter, a rare expansion of...
...Of course, that took away some engagement and revenue in the short term....
...That presents a conundrum for Elliott and other arbitrageurs....
...Former chief financial officer Mark Hawkins forecast in 2017 that mid-30 per cent margins would be possible over the long term, but Salesforce has fallen far short of the target for years....
...Earlier this year, an insurer run by Elliott Management abandoned a $4bn takeover effort for the insurer....
...Jay Newman was a senior portfolio manager at Elliott Management. He has no financial position in Apple, long or short....
...Former chief financial officer Mark Hawkins forecast in 2017 that mid-30 per cent margins would be possible over the long term, but Salesforce has fallen far short of that target for years....
...But it makes perfect sense that Elliott Management, Starboard Capital and ValueAct have all converged on Salesforce. It’s a wonderfully juicy target....
...But a decade reporting on Asia makes me wary of believing in a wider shift beyond some very dogged work at specific companies by activists such as Elliott and Oasis....
...Measuring an attitude change is very hard, and Japan veterans note that management scepticism of investor short-termism runs deep....
...The banks have been marketing a $1.4bn loan and $1bn secured bond to investors, offering large discounts in a bid to lure potential creditors, but investor orders have come up short....
...He said he was unlikely to tender his shares and that the success of the deal “all depends” on Elliott. Elliott declined to comment....
...Sebastien de La Riviere, the fund manager at Elliott behind activist campaigns at GSK and Fresenius, has left the hedge fund firm, the latest in a string of senior departures from its London office....
...early backing for women’s football (FT) Tod’s founding family to take luxury-loafer maker private (Wall Street Journal) Unilever stops paying Ben & Jerry’s board members in Israel dispute (FT) PayPal/Elliott...
...When you ask CEOs about this, they say things like, look, my job isn’t the stock price; my job is making Armstrong Inc the best company it can be over the long term; the stock market is short term....
...Peloton’s justification — fending off short-term pressures to build long-term value — is backed up by academic research....
...It’s an important win for activists in Korea Inc., where corporate behemoths including Samsung and Hyundai operate without much interference....
...The second were investors such as BlackRock, Fidelity and Wellington Management, who were allocated shares through a so-called Pipe — short for private investment in public equity — and ploughed billions...
...Debt funds typically place short-term punts on near-default or defaulted bonds, make emergency loans, or even take control of stricken borrowers through the courts....
...One says, “Nobody would choose Elliott as an owner, so he has a challenge on his hands.” Elliott says it expects Waterstones as well as B&N to expand rather than to shrink....
...The group, which tends to run a pretty aggressive short book, had bet that GameStop shares would fall....
...Our resident capital markets expert Rob Smith’s memorable interview with short-seller Carson Block — watch it back here....
...The Big Four accounting firm is facing questions over whether the central controls that guard the behaviour of its auditors are falling short....
...Private capital goes to bat for in-person sports recovery Sixth Street Partners has been known to buy the dip: the private capital group helped to raise $1bn in debt and equity for the short-term rental...
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