Activist Elliott Builds Stake in London Stock Exchange Group (3)

Elliott Investment Management has built a stake in London Stock Exchange Group Plc as the FTSE 100 index owner grapples with disruption from artificial intelligence and a plunge in listings, a person with knowledge of the investment said.

It’s not yet clear how large a stake Paul Singer’s activist hedge fund has taken or the exact changes it is pushing for. Under UK rules, investors must disclose holdings of 3% or more in publicly traded companies.

The Financial Times earlier reported that the activist had been engaging with LSEG to “help engineer an improvement” in the group’s performance. Though ...