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Soroban takes Johnson Controls stake alongside Elliott

New York-based hedge fund firm Soroban Capital Partners has built a $500m stake in HVAC control systems specialist Johnson Controls International, joining activist investor Elliott Investment Management as one of the company's largest shareholders, according to a report by Bloomberg.

Central bankers try to reason with investors

While oil prices move up and down, bond yields wake up and metal prices go through the roof, equity markets remain resilient. Nevertheless, they need a new catalyst to keep pace with the Nasdaq. -May 21, 2024 at 09:30 am EDT - MarketScreener

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