{"id":50760,"date":"2015-11-24T09:42:40","date_gmt":"2015-11-24T14:42:40","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=50760"},"modified":"2015-11-24T09:49:22","modified_gmt":"2015-11-24T14:49:22","slug":"elliott-management-takes-6-4-percent-stake-in-undervalued-alcoa","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2015\/elliott-management-takes-6-4-percent-stake-in-undervalued-alcoa.html","title":{"rendered":"Elliott Management takes 6.4 percent stake in &#8216;undervalued&#8217; Alcoa"},"content":{"rendered":"<p>(Reuters) &#8211; Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in &#8220;undervalued&#8221; Alcoa Inc on Monday, sending the aluminum producer&#8217;s shares up as much as 6.3 percent. Elliott, run by activist investor Paul Singer, sees opportunities for Alcoa to improve its profit margins, a source familiar with the matter told Reuters.&#8221;Elliott advised (Alcoa) of their ownership of shares several weeks ago, shortly after we announced the separation of our upstream and value-add businesses,&#8221; Alcoa spokeswoman Monica Orbe told Reuters.<\/p>\n<p><a href=\"http:\/\/news.yahoo.com\/elliott-management-takes-6-4-percent-stake-undervalued-160623640--sector.html;_ylt=AwrC1C1bllNWCTsABN3QtDMD;_ylu=X3oDMTByNXQ0NThjBGNvbG8DYmYxBHBvcwM1BHZ0aWQDBHNlYwNzcg--\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Hedge fund Elliott Management Corp disclosed a 6.4 percent stake in &#8220;undervalued&#8221; Alcoa Inc on Monday, sending the aluminum producer&#8217;s shares up as much as 6.3 percent. Elliott, run by activist investor Paul Singer, sees opportunities for Alcoa [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50760","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=50760"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50760\/revisions"}],"predecessor-version":[{"id":50762,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/50760\/revisions\/50762"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=50760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=50760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=50760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}