Activist Investor Elliott Buys Stake in Japan s Sumitomo, Source Says usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
By Anton Bridge TOKYO (Reuters) - U.S. hedge fund Elliott Management Corp has bought a stake in Sumitomo Corp worth several tens of billions of yen, a person familiar with the situation said on Tuesday. The purchase follows Warren Buffett's closely.
Activist Elliott builds big Sumitomo stake hedgeweek.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hedgeweek.com Daily Mail and Mail on Sunday newspapers.
Elliott Management Corp. has built a “large” stake in Sumitomo Corp., one of Warren Buffett’s favourite Japanese trading houses, according to a person familiar with the matter.
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the recovery from the sell-off seen early in the previous session.