“If you’re Paul Singer and managing $33 billion, you have to look into other markets, and you have to be sophisticated.”The biggest American funds are no strangers to venturing abroad in their activist campaigns. Mr. Loeb has urged changes at Sony and other Japanese companies. Mr. Loeb declined to comment for this article. Hertz, the car-rental company, found itself under siege by two major activist investors. Mr. Loeb has forged a reputation for writing stinging criticisms in so-called poison-pen letters to corporate chieftains.

Source: New York Times June 27, 2017 00:49 UTC