Activist Updates

Hedge funds and managers are building stakes, starting proxy battles, and taking profits. Here’s the latest in activist investor news.

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Hedge Fund: Jana Partners Strikes Deal with Bloomin’ Brands on Directors

Activist fund Jana Partners has struck a deal with Bloomin’ Brands (NASDAQ: BLMN) on board seats. The two firms agreed to add two new independent directors to the restaurant company’s board. Bloomin is best known as the owner of Outback Steakhouse. The activist fund, which owns 9% of BLMN, has been pushing for changes to the board due to falling sales at the company.

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Hedge Fund: Jana Partners Strikes Deal with Bloomin’ Brands on Directors
April 13, 2020

Activist fund Jana Partners has struck a deal with Bloomin’ Brands (NASDAQ: BLMN) on board seats. The two firms agreed to add two new independent directors to the restaurant company’s…

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Alternative Investments: Latest Activist Investor Filings
April 8, 2020

Activist investor Julian Singer has used the investing partnership, JDS1, LLC, to accumulate 6.43% of HC2 Holdings, Inc (HCHC). The target provides construction, marine services, energy, telecommunications, insurance, life sciences, broadcasting,…

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REITS: Activist Bow Street Still Takes Aim at Board of Mack – Cali
April 7, 2020

Last year activist investor Bow Street won 4 seats on the Board of Mack- Cali (NYSE: CLI). This REIT invests in office and multifamily projects in the Northeastern United States….

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Insider Buying Recap: April 6, 2020
April 6, 2020

As markets sold-off on Friday, we saw two large purchases by activist investors. We saw a lot of buying at MGM and Zagg. In one case the activist had a…

Alternative Investments: Activists Will Get Busy Soon, Says Tim Melvin
April 2, 2020

As companies become more undervalued as the economy slows because of shutdown orders across the United States, I expect that the pace of activist activity to increase. We should see…

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Active Alpha – Insider Buying for April 1, 2020
April 1, 2020

Here is the latest update on insider buying and activist actions by alternative asset firms. As stock prices were falling once again on Tuesday, we saw more reports of activist…

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Alternative Investments: Activists Pressure GameStop for Board Seat
March 12, 2020

Hestia Capital Partners is part of a group of investors pushing for a board seat at embattled gaming retailer GameStop (NYSE: GME).  A report indicates that Hestia joins Permit Capital…

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Hedge Funds: Activist Hedge Fund Elliott Management Targets Twitter
March 3, 2020

Twitter Inc (NYSE: TWTR), which owns the social media and tweeting platform so loved by President Trump, is under siege. Elliott Management, the feared activist hedge fund owned by billionaire…

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Activist Hedge Fund Looks to Shake Up Insurance Giant Prudential
February 25, 2020

Activist hedge fund Third Point has taken aim at the 172-year-old insurance giant Prudential (LON: PRU). According to a new filing, Dan Loeb’s shop wants to split the firm into…

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Elliott Investment Management Takes Stake in NN Group
February 20, 2020

Elliott Investment Management has built a 3.04% stake in Dutch insurer NN Group (OTCMKTS: NNGRY), according to a filing with AFM this week. Paul Singer’s hedge fund said that the investment…

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