Epicor The Epicenter Of Elliott’s Attention

Aug 20 2008 | 1:38pm ET

Elliott Associates has made its intentions clear regarding Epicor Software Corp.

The New York hedge fund disclosed a 5.9% stake in the Irvine, Calif.-based company this week, making it Epicor’s third-largest shareholder. In the filing, Elliott said it “made inquiries of the issuer as to whether they have considered exploring strategic alternatives.”

The hedge fund did not enumerate what alternatives it had in mind, but said it might continue discussions with Epicor or initiate them with other shareholders and third parties.

Epicor recently announced that second-quarter earnings fell by almost 80%. In April, the fund’s shares fell almost 30% after weak first-quarter earnings were announced.


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note