Elliott Management corporation

Activist hedge fund manager Paul Singer took a strong interest in Convergys (CVG) during the fourth quarter of 2017. Elliott Management Corp. revealed it holds a 4.9% stake in the Cincinnati-based outsourcing company in a regulatory filing released in late February. Convergys posted lackluster results ...

Elliott Management disclosed in 2016 that it had a more than 4% stake in Cognizant and asked it to begin paying dividends, institute buybacks and shakeup its board. Cognizant complied with those requests, beginning a $3.4-billion capital return programme and replacing three members of the board.

Jesse Cohn, Partner at Elliott Management, said, "Akamai is an outstanding company with significant potential for future growth, and we are pleased to have worked together with the Board and management team on today's announcements. Tom, Jim and the rest of the Akamai team are committed to these ...

Paul Singer and Elliott Management released its quarterly 13F filing with the SEC on February 14th which highlighted a number of stocks that the firm's buying and selling. With seven positions making up more than half of its $16 billion portfolio, I take a closer look at the firm's listed holdings below.

Elliott Management and other activist investors frequently push for spinoffs and breakups to help drive shareholder value. The fund also has a specialization in technology led by Jesse Cohn; that's why it is a real likelihood that it will launch a director fight if Akamai doesn't take some M&A actions shortly.

Activist investor Elliott Management urged Telecom Italia to sell a stake in its fixed business and part – or all of – international wholesale unit Sparkle to reduce debt and increase returns, as it continues to crank-up pressure on the operator's Vivendi-controlled board. In the latest attack on the management of ...