The hedge fund said it has accumulated shares in three listed affiliates of Hyundai Motor Group, signaling renewed interest in South Korea’s corporate-governance reforms.
SEOUL—Activist hedge fund Elliott Management Corp. said Wednesday that it has accumulated more than $1 billion in shares in three listed affiliates of Hyundai Motor Group, signaling renewed interest in South Korea’s corporate-governance reforms.
The disclosure from a Hong Kong-based unit of the New York hedge fund follows a move by the auto giant to reorganize its corporate structure in line with South Korean regulatory guidelines.
