Betaville

Peculiarities with Poundland bid

The sharp suited types over at Elliott - the punchy American hedge fund that often makes big, acitivist punts on events - have done something rather unusual: the hedgies have switched most of the near 23pc position in Poundland into physical equity.

In case your not avid follower of the Poundland situation, the discount retailer is being pursued by Benson Beds owner Steinhoff - but Elliott have built up a large position in the London-listed company and have been agitiating for more money from the South African retailer...