Activist investor Elliott halves stake in Scottish Mortgage Trust as discount to NAV shrinks
Activist Elliott halves stakeDiscount to NAV narrowed to 6%Elliott maintains big holdingActivist investors usually prepare for a long and hard-fought battle when targeting underperforming companies and management teams. It must therefore be rather pleasing when events conspire to allow a profitable early partial exit.That seems to be the case for Elliott Investment Management after the investor re