(We) Are The News

pf reports Paul SInger movements) Elliott Mgmt

Post 9792131 View on 8kun

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TYB

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Scratch Teterboro. He's pointed at Logan.

Its track record gave Singer a reputation among CEOs and board members as the world's most feared investor. Former AthenaHealth CEO Jonathan Bush, whose company was targeted by Elliott in 2017, described doing research on Elliott as 'Googling this thing on your arm and it says, 'You're going to die.'" The New Yorker called Singer a "Doomsday Investor," highlighting a series of unflattering tactics taken by one of Singer's top lieutenants, Jesse Cohn, to oust Bush from his role.

https://www.msn.com/en-us/money/companies/hedge-fund-elliott-management-shifts-to-elephant-hunting-as-fund-size-balloons/ar-BB15sOef

Post 9792223 View on 8kun

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And he is turning. Now pointed at The Hamptons. Now on descent.

In 2019, Elliott bought stakes in eBay ($34 billion market capitalization), SAP ($159 billion) and AT&T ($217 billion market cap). This year, Elliott has already targeted Twitter

($26 billion market cap) and SoftBank ($93 billion).

The change was driven at least in part by Elliott's growth. The fund's assets under management this year are about $42 billion – doubling from 2012, including a $5 billion raise in 24 hours in 2017. The smaller transactions no longer move the needle like they once did.

https://www.msn.com/en-us/money/companies/hedge-fund-elliott-management-shifts-to-elephant-hunting-as-fund-size-balloons/ar-BB15sOef

Post 9792504 View on 8kun

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On final Francis S. Gabreski Airport.

When Elliott took its stake in AT&T, the wireless and media giant had a market value of about $270 billion. As of Friday's close, it has an equity value of about $217 billion.

https://www.msn.com/en-us/money/companies/hedge-fund-elliott-management-shifts-to-elephant-hunting-as-fund-size-balloons/ar-BB15sOef

Post 9792612 View on 8kun

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Last ADS-B tracked on final Francis S. Gabreski Airport 90 seconds ago. We won't get a final ramp parking position on this one anons.

Whether Elliott's future tactics are collaborative or combative, the fund's role in society will remain a judgment call. Critics say activists like Elliott aren't company builders, but instead push for divestitures and leadership upheaval with an extremely short-term focus that is unhelpful in driving innovation or long-term benefit. One investment banker who often gets hired by companies to fight off activists noted that if Elliott were around in the mid-1990s, it probably would have pushed to sell Apple to private equity, robbing the world of the advancements that came with Steve Jobs' return in late 1996.

https://www.msn.com/en-us/money/companies/hedge-fund-elliott-management-shifts-to-elephant-hunting-as-fund-size-balloons/ar-BB15sOef