Klarna offloads UK loan book to hedge fund Elliott Fintech Klarna is selling off its UK loan book to the hedge fund Elliott in a deal designed to free up some £30bn to fund its global growth plans, the company has announced. In a statement today, the Swedish headquartered buy-now pay-later firm said it had signed a multi-year agreement with the UK arm of Elliott [...]
Elliott warns Nvidia is in ‘bubble land’ and AI is ‘overhyped’ Investing Hedge fund Elliott Management has slammed artificial intelligence technology as "overhyped", warning that star stock Nvidia is in "bubble land".
Risky debt investors flood into Thames Water debt as regulator plots carve-up thames water Thames Water is currently buckling under a £15bn debt pile, and the price of its bonds has collapsed over fears it might go into administration.
What could Elliott’s stake in Scottish Mortgage mean? March 24, 2024 News emerged last week that US hedge fund and activist investor Elliott Investment Management has taken a £600m stake in Scottish Mortgage Investment Trust. But what could this mean for the trust? The 5.04 cent stake now makes Elliott the largest shareholder in the Baillie Gifford-managed trust. The second largest investment trust in the UK, [...]
‘This clearly shows the absurdity of UK stock market valuations’: Currys urged to accept offer that values it at over £1bn March 5, 2024 Currys should accept a takeover offer that would value the company at more than £1bn, according to one of its shareholders.