The AMF fined the hedge fund for filing inaccurate and late reports, and alleges intent to conceal its stake from the market for as long as possible

Hedge Funds

Activist hedge fund Elliott Advisors has been fined €20m for failing to cooperate with the French banking regulator, during a takeover battle between two transportation companies. 

The AMF’s enforcement committee fined the hedge fund, on 17 April, for filing inaccurate and late reports linked to XPO Logistics’ 2015 acquisition of Norbert Dentressangle shares.

Elliott Advisors fined €20m by French banking regulator

Emily Horton

Norbert Dentressangle

XPO Logistics

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