US activist hedge fund Elliott is one of Anglo American’s 10 largest shareholders | Business
Paul Singer, US hedge fund manager, activist investor, and the founder of Elliott. (World Economic Forum/Supplied)
The activist hedge fund led by Paul Singer amassed the holding over recent months, the people said, asking not to be identified discussing confidential information. The size of the stake puts Elliott among Anglo American’s 10 biggest shareholders, data compiled by Bloomberg show.
Anglo American shares jumped as much as 4.4% in London, and as much as 5% on the JSE after Bloomberg News reported the stake. Representatives for Elliott and Anglo American declined to comment.
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