Hindenburg Research takes on Carl Icahn
An upstart activist investor challenges a veteran of the trade
BEFORE CARL ICAHN was an activist investor, he was an arbitrageur. Although it was swashbuckling corporate raids during the 1980s that made him infamous, some of Mr Icahn’s earliest campaigns involved investing in closed-end funds, a type of investment company which often trades at a discount to the value of its assets. Closing this gap, perhaps by agitating for the fund to liquidate its holdings, yields a profit.
This article appeared in the Business section of the print edition under the headline "Can I sink Icahn?"
Business May 6th 2023
- The business trend that unites Walmart and Tiffany & Co
- Why MercadoLibre keeps soaring as other e-emporiums sink
- How to two-time your employer: a tech worker’s guide
- Artificial intelligence is remixing journalism into a “soup” of language
- Hindenburg Research takes on Carl Icahn
- A short guide to corporate rituals
- China’s data-security laws rattle Western business executives
- America needs a jab in its corporate backside
From the May 6th 2023 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Business
Does Perplexity’s “answer engine” threaten Google?
Taking aim at one of the best business models of all times
How not to work on a plane
Hours without interruption and work to do. What could go wrong?
Why does BHP want Anglo American?
Its $39bn takeover offer is the latest in a string of mining mega-mergers