May 9, 2024
Mortgage

Why has a £50bn US hedge fund become Scottish Mortgage’s biggest shareholder?

At £12.3bn, the UK’s largest investment company Scottish Mortgage Investment Trust may have been on a rollercoaster over the past few years, with the economic downturn and rally in technology stocks. But following a period of underperformance, the fund has recently drawn the attention of US hedge fund Elliott Advisors, which, it has emerged, took a 5 per cent stake,

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