Southwest Airlines has revised its third-quarter revenue forecast upward, approved a $2.5bn share buyback programme, and introduced a series of strategic changes as it faces mounting pressure from activist hedge fund Elliott Investment Management, according to a report by the
Glenview Capital Management, the $2.5bn healthcare-focused hedge fund founded by Larry Robbins, is set to meet with senior executives of CVS Health on Monday to suggest strategies for improving the company’s operations, according to a report by The Wall Street
Paul Singer’s Elliott Investment Management is set to purchase the 701 Brickell office tower in Miami for approximately $450m, adding to the hedge fund firm’s growing portfolio of investments in South Florida, according to a report by Bloomberg.
While many hedge funds have ridden chipmaker Nvidia’s stock price surge to book substantial gains, winners from the S&P 500’s top performer for 2024 are far fewer on the ground with Lone Pine, Third Point and Coatue among the notable
Hedge funds investing in Chinese stocks saw a surge in performance this week, following the announcement of China’s largest economic stimulus package since the Covid-19 pandemic in 2020, according to a report by Reuters citing a Goldman Sachs note.
Sydney-based funds manager Platinum Asset Management has turned down a takeover proposal from hedge fund Regal Partners Ltd, stating that the bid undervalued the company., but remains open to considering other offers, according to a report by Bloomberg.
Dubai has growth as an emerging hub for hedge funds comtinues unabated, with some of the world’s largest firms, including Millennium Management and Balyasny Asset Management, helping push the industry’s headcount in the emirate to over 1,000, according to a
The largest hedge funds now control nearly three-quarters of the entire industry, with multi-strategy firms attracting the vast majority of business, according to a report by Reuters citing data from Bank of America.
Activist investor Elliott Investment Management has intensified its campaign against Southwest Airlines , announcing plans to call a special shareholder meeting as early as next week in a push for significant leadership change at the airline, including the removal of
Blackstone and Vista Equity Partners’ $8.4bn acquisition of work management software company Smartsheet has set the stage for a major payday for New York-based hedge fund Eminence Capital, known for its strategic bets on future takeover targets, according to a
