Elliott Management

The bull versus bear debate surrounding Akamai Technologies, Inc. (NASDAQ: AKAM) has been settled after activist investor Elliott Management disclosed a 6.5-percent stake in the company, according to Credit Suisse.  The Analyst Credit Suisse's Brad Zelnick upgraded Akamai's stock...

Klaus Kleinfeld abruptly resigned from his post as CEO of Arconic Inc (NYSE: ARNC) (formerly Alcoa Inc.) after writing an unauthorized letter to activist investor Elliott Management. The hedge fund viewed the letter as being "a threat to intimidate or extort a senior officer." Kleinfeld's apparent...

A proxy battle between Arconic Inc (NYSE: ARNC) and Elliott Management, an activist investor and major shareholder, ended on Monday. As part of an agreement between the two entities, Elliott will nominate three cirectors and Arconic will elect two members on May 25. Deutsche Bank's Jorge...

"Downtown" Josh Brown, CEO of Ritholtz Wealth Management and CNBC contributor, penned a commentary on what investors can expect to happen to stocks if the market tumbles 20 percent. The last time the S&P 500 index tumbled 20 percent from peak-to-trough happened in October 2011. More...

Shares of Arconic Inc (NYSE: ARNC) were trading down Tuesday after an initially positive market reaction to the departure of CEO Klaus Kleinfeld. Kleinfeld resigned Monday after sending an unauthorized letter to activist stakeholder Elliott Management, according to Arconic’s announcement of...

Forbes was out with its compilation of the 25 highest-earnings hedge fund managers and traders. In the same vein, Benzinga is presenting readers with interesting facts about the 25 successful hedge fund managers/traders. 1. James Simons Of Renaissance Technologies Corp. The flagship fund of...

On Tuesday, hedge fund manager and philanthropist Paul Singer's Elliott Management Corporation filed its quarterly 13F with the SEC, which is a disclosure of the fund's assets as well as its stake in those companies. Comparing the filing to the fund's previous 13F shows an 122 percent...

Cantor Fitzgerald raised its price target on the shares of Cognizant Technology Solutions Corp (NASDAQ: CTSH) following activist investor Elliott Management's "Value Enhancement Plan" for the company. Analyst's Take On Fund's Plan For Cognizant Dwelling on the plan, analyst Joseph Foresi said...

Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares were on a tear following the release of a letter by Elliott Management that outlined a three-part "Value Enhancement Plan," which envisages a nice bump up in its stock price to $80–$90 by the end of 2017, up 50–69 percent in...

Activist shareholder pressure may begin to stifle Cognizant Technology Solutions Corp (NASDAQ: CTSH) in the coming days. Elliott Management, among the largest shareholders in the company by virtue of its 4 percent stake in the company, Monday sent a letter to the company's board, consisting of...

General Electric Company (NYSE: GE) proposed in early September to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group for $1.4 billion. Elliott Management, an activist investor and SLM Solutions shareholder initially opposed the deal, arguing the proposed...

Activists are getting increasingly activist, according to an Activistmonitor report. Data compiled by this platform, which comprises “predictive intelligence and behavioral data on shareholder activism,” showed that the top 20 shareholder activists* in North America have been increasing...