Hedge funds Farallon Capital Management and Triatomic Capital are among the large investors to benefit from Elon Musk’s $44 billion deal to acquire Twitter having added positions in the company during the third quarter of the year, according to a report by EuroNews.
The report cites securities filings released on Monday as showing that Farallon Capital bought nearly 7.8 million shares of Twitter during the quarter that ending 30 September, while Triatomic acquired 40,000 shares strong the same period.
Billionaire investors Carl Icahn and Daniel Loeb, also bought millions of Twitter shares. The former acquiring 12.5 million shares, while Loeb’s Third Point hedge fund reportedly owned 5.5 million shares at the end of the quarter.
Event-driven hedge fund Alpine Global Management LLC, which already had 195,113 shares in Twitter in the second quarter, increased its position by 25.5% in the last quarter.
Shares of Twitter fell to as low as $33 during the third quarter before ending September near $44. Musk, who attempted to walk away from the deal, finally competed the acquisition on 27 October by paying $54.20 per share.
