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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Elliott Investment Management Takes Stake in NN Group

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 is a reflection that it believes “in the material and sustainable value-creation opportunity that exists at the company.” Under rules with the Dutch regulator, companies must file when they breach the 3% ownership level. 

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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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Hedge Funds: Kerrisdale Capital Takes Aim at Match.com
February 14, 2020

Activist hedge fund Kerrisdale Capital has taken a short stake in Match Group (NASDAQ: MTCH). The online dating operator owns Tinder and Match.com. The activist fund expects that shares will…

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Hedge Fund: Pershing Square Capital Sells Starbucks Stake
February 6, 2020

Pershing Square Capital has exited its stake in Starbucks Corporation (NASDAQ: SBUX). According to reports, Bill Ackman’s hedge fund announced the divestiture during an investor presentation today. 

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Hedge Funds: The 2020 Top Picks of Andrew Left’s Citron Capital (First Year Gain 43.3%)
January 7, 2020

Famed short-seller Andrew Left’s Citron Capital published its Annual Investor Letter for 2019 on Monday. “In 2019, our first full year of operation, Citron Capital, LP generated a gross return…

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Hedge Fund Marshall Wace is Shorting Denmark’s Largest Lender
January 6, 2020

Marshall Wace has taken a short position against Danske Bank. The Danish FSA said that the firm has a short position that reaches the threshold of 0.5% of issued shares. 

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MIG Capital Pushes Groupon for a Board Seat
January 3, 2020

MIG Capital is pushing Groupon to push its CEO Richard Merage on the shopping-deal provider’s board of directors. The activist fund with $1 billion in AUM owns 5% of Groupon…

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Alternative Investments: More Finger-pointing in NMC Health’s Spat With Muddy Waters
January 3, 2020

In mid-December, famed activist and short-seller fund Muddy Waters threw the book at Abu-Dhabi based NMC Healthcare. NMC is listed on the London Stock Exchange. Its shares plunged from 2585…

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Activist Update: Jonathan Litt Wants to Create a Casino REIT Colossus
December 20, 2019

Jonathan Litt Wants to Create a Casino REIT Colossus. Litt’s firm, Land & Buildings (L&B), has accumulated a “significant” position in GLPI, Litt revealed on Twitter on Wednesday. Besides, GLPI…

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Activist Update: Carl Icahn Sued by Xerox Investor Over Alleged Insider Trading
December 18, 2019

Shareholder activist Carl Icahn is in the dock for alleged insider trading when he bought a chunk of HP stock worth $ 1.2 billion. According to the Miami Firefighter Relief…

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Activist Update: Nuveen Ohio Quality Municipal Income Fund Shareholders Send Saba Packing
December 17, 2019

Saba Capital, the closed-ended fund activist hedge fund, has been targeting the Nuveen Ohio Quality Municipal Income Fund (NUO). The activist holds about 8.7% of the Fund and proposed to…

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