Elliott's Activist Pressure Forces Southwest Airlines to Negotiate.

In mid-October, Elliott Investment Management, a $70 billion activist hedge fund, successfully pressured Southwest Airlines into negotiations after publicly calling for a special shareholder meeting. Within days, Southwest conceded to many of Elliott's demands, demonstrating the hedge fund's continued influence as an activist investor.

This victory against a major airline reinforced Elliott's reputation as a formidable activist force, even as the firm faces increasingly larger corporate targets. The Southwest case highlights Elliott's strategy of pursuing bigger prey and pushing the boundaries of activist investing.

Report by Bloomberg Law