US hedge fund Elliott Management, which is at the centre of what could trigger a bidding war for Bank of East Asia Ltd (BEA) – one of Hong Kong’s last few family-run banks – is no stranger to investor activism.
The US$27bil investment fund, founded by billionaire Paul E. Singer, often shakes up companies with activist positions. It buys stakes in companies and calls for them to change strategic course, often by selling themselves.
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