Elliott will be able to engage with Arconic’s CEO search committee and meet with candidates during the selection process.
The activist manager got a boost from Restaurant Brands and Chipotle — and cutting his losses in Valeant.
Einhorn says his firm is pursuing a proxy fight because GM refuses to let ratings agencies asses his plan for the company.
The Pershing Square founder tells investors in his publicly traded vehicle that the Valeant holding accounted for most of its losses last year.
Alliance Data Systems and Tailored Brands are adding board members from hedge funds that invest in them.
Most funds posted losses or gains of less than 1 percent.
Some hedge funds are still big investors in the troubled drug company, which took a hit after it reported that revenues fell by double digits.