Activist Hedge Fund

With the ink barely dry on the COP28 agreement to transition away from fossil fuels, U.K.-based oil major BP plc (NYSE:BP) was called on by an activist investor to drop its commitments to clean energy production. Bluebell Capital Partners, a London-based hedge fund with a small stake in BP, wrote...

On Tuesday, Casablanca Capital disclosed that it had amassed a 5.2 percent stake in Cliffs Natural Resources (NYSE: CLF). Casablanca Capital will assume an activist role in pushing the mining company to implement major changes to the company in hopes of improving shareholder value. Cliffs Natural...