Elliott Management reportedly builds stake in London Stock Exchange Group
(Il Sole 24 Ore Radiocor) - Milano, 11 feb - Activist hedge fund Elliott Management has built a significant stake in the London Stock Exchange Group, as the UK company contends with fears over disruption from AI and a lacklustre listings market, the Financial Times reported, citing sources.
Elliott has been engaging with the LSEG to help engineer an improvement in the group's performance, the FT said, citing people familiar with the matter.
The exact size of the stake could not be ascertained while.
Elliott declined to comment, the FT reported.
(RADIOCOR) 11-02-26 15:51:25 (0514) 5 NNNN