#Hyperinflation could cause worst economic crisis since WWII, fund warns

#Hyperinflation could cause worst economic crisis since WWII, fund warns

“Hyperinflation could cause worst economic crisis since WWII, fund warns” The global economy is at risk of crippling hyperinflation and “extraordinary” conditions that could prompt the worst financial crisis since World War II, according to major hedge fund Elliott Management. Elliott Management, led by famed billionaire investor Paul Singer, warned clients that extreme conditions present…

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#Activist investor Elliott Management takes a stake in Toshiba

#Activist investor Elliott Management takes a stake in Toshiba

“#Activist investor Elliott Management takes a stake in Toshiba” Hedge fund Elliott Management said it has built a stake in troubled Japanese industrial conglomerate Toshiba, which is undertaking a strategic review amid pressure from other shareholders. Elliott, one of the world’s most powerful activist investors, which oversees some $48 billion in assets, said in a statement to Reuters…

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#Duke Energy’s botched war of words

#Duke Energy’s botched war of words

“#Duke Energy’s botched war of words” Efforts to defend Duke Energy from a proxy campaign led by billionaire Paul Singer have recently taken two quiet steps backwards. Last month, Singer’s hedge fund Elliott Management urged the utility to split its $78 billion electric-and-gas empire into three companies — an unusual proposal in an era of…

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#Elliott Management owns big Dropbox stake, holds discussions

#Elliott Management owns big Dropbox stake, holds discussions

“#Elliott Management owns big Dropbox stake, holds discussions” Activist investor Elliott Management owns a large stake in Dropbox and has been holding private discussions with the file-sharing service provider for some time, a source familiar with the matter said on Wednesday. The hedge fund owns a stake of more than 10 percent, which is valued at more than…

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#Jeffrey Katzenberg’s Quibi takes shot at billionaire’s personal life

#Jeffrey Katzenberg’s Quibi takes shot at billionaire’s personal life

“#Jeffrey Katzenberg’s Quibi takes shot at billionaire’s personal life” Quibi, the defunct streaming service founded by Hollywood mogul Jeffrey Katzenberg, wants to know whether Elliott Management’s financing of a patent lawsuit against it was motivated by a personal relationship between the hedge fund’s billionaire founder and a top executive. In a brief filed late Thursday,…

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