Category: Hedge Funds
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Activist Autumn: Dan Loeb Takes Aim at Strata, and Elliott Joins GTCR in a $6.1 Billion Take-Private
Third Point’s new 13D on the former Blade Air Mobility says the business is strong but its overhead is not, and calls for a sale process. Elliott, meanwhile, is writing equity checks alongside a buyout firm. Two faces of the modern activist.
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The Pod Shop Scorecard: Citadel Pulls Ahead in September as Millennium Treads Water
Ken Griffin’s flagship gained 1.1 percent last month and is up 13.4 percent for the year. Izzy Englander’s Millennium was flat. Point72, Man and the rest of the multi-strategy elite fanned out behind them. A guide to the season’s standings.
