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In May 2020 Elliott Management again pushed for Alexion to sell itself, months after the drugmaker had rejected the hedge fund's earlier demand. Elliott argues that Alexion management's actions, including a recent move to acquire Portola Pharmaceuticals for about $1.4 billion, are leading in the "wrong direction." In December, Alexion's board ...
Steven A. Cohen (born June 11, 1956) is an American hedge-fund manager and owner of the New York Mets of Major League Baseball (MLB) since September 14, 2020, owning just over 97% of the team. [3] He is the founder of hedge fund Point72 Asset Management and S.A.C. Capital Advisors .
The activist firm Elliott Investment Management has written to Honeywell International's (NASDAQ: HON) board of directors arguing for the conglomerate's breakup. The move follows a period of ...
The company's name 'SAC Capital' derived from Steven A Cohen's initials. [9] The company started trading with $25 million in 1992, grew its assets under management to $16 billion, and became the world's highest-returning hedge fund: SAC averaged annual returns of 30% net of fees under a 3% management fee and 50% performance fee from 1992 to 2013.
MLB owners approved the sale of the Mets to billionaire hedge fund manager Steve Cohen on Friday for a reported $2.4 billion. ... Point72 Asset Management. The content of the claims are under seal ...
Activist hedge fund Elliott Management has amassed a $1.9 billion stake in Southwest Airlines and plans to push for leadership changes at the airline that has lagged big rivals.. The stake makes ...
Point72 Asset Management is an American hedge fund. It was founded in 2014 by Steve Cohen , after his previous company S.A.C. Capital Advisors pled guilty to insider trading charges. In 2018, the company reopened to external investors after a two-year ban and began accepting outside capital. [ 4 ]
Seeing a turnaround opportunity, Elliott Management, an activist hedge fund with an 11% stake in the $18 billion airline, launched an aggressive campaign earlier this year to push out CEO Bob ...