Singer's Elliott Battles Texas Private Equity Firm Over Fees
In a court case in Delaware, Elliott is seeking documents it says could show that Stronghold Investment Management, a Texas private equity firm, billed tens of millions of dollars in excess expenses. A judge is now weighing whether to force Stronghold to turn over internal records about how it charged Elliott for managing about $100 million in oil and gas bets.
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13 minutes ago
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Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 26 best rare earth metal stocks of the very few that mine this essential strategic resource. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include AIM:DXRX LSE:ASHM and LSE:WOSG. 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Bloomberg
16 minutes ago
- Bloomberg
Wise Co-Founder Slams Fintech's Plans to Move Listing to US
An investment vehicle owned by the co-founder of Wise Plc urged fellow shareholders to vote against the company shifting its primary listing out of London, arguing the move lacks transparency about important changes to governance. A vote for changing the listing location also requires shareholders to approve extending the dual-class shareholder structure that was introduced during the company's 2021 direct listing, according to a letter to shareholders from Skaala Investments OÜ. Skaala is controlled by Taavet Hinrikus, who left Wise in 2021 and has gone on to back many smaller stage technology firms.
