Sunday, 30 August 2015
Last updated 1 day ago
Jul 22 2014 | 1:12pm ET
Elliott Management is keeping busy, using the time it’s saved by Argentina’s refusal to negotiate to launch a new activist campaign.
Elliott, which has been pushing for talks with Argentina to settle its 2001 default to no avail, has taken a 2% stake in EMC Corp. The hedge fund wants the Hopkinton, Mass.-based data-storage company to spin off its VMware Inc. subsidiary, which it says is being harmed by EMC’s performance.
Elliott spent more than $1 billion on the stake, which makes it EMC’s fifth-largest shareholder.
EMC said it is “always happy to meet with our shareholders.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…