PRESS: Hedge fund Elliott builds stake in London Stock Exchange - FT

(Alliance News) - Elliott Investment Management LP has built a stake in London Stock Exchange Group PLC, after a decline in the shares in the financial market data provider and exchange operator over concerns about AI, the Financial Times reported on Wednesday.

Elliott is an activist hedge fund manager based in the US state of Florida with USD79.8 billion in assets under management.

It is engaging with LSEG to help improve its performance, the newspaper said, citing "people familiar with the matter".

The FT said it didn't know the size of the stake, and Elliott and LSEG declined comment.

London Main Market listings are required to disclose holdings above 3%.

LSEG shares were up 2.0% to 7,514.00 pence early Wednesday in London. The stock is down 17% over the past month, however, amid a general selloff in data and software companies feared to lose business to new artificial intelligence-base data applications.

The company is scheduled to release its 2025 results on February 26.

By Tom Waite, Alliance News editor

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