Aggressive US hedge fund takes aim at Hammerson

David Atkins of Hammerson

American vulture hedge fund Elliott has revealed it has snapped up a 1.5% stake in Hammerson, sparking speculation its founder Paul Singer is seeking a shake-up in the board’s strategy and management.

Singer is known for his aggressive strategies and may seek to impose his influence on the future of Hammerson, the retail property giant that withdrew from its £3.4bn takeover of UK rival intu last week.

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