Activist investor Elliott grows stake in Equinix

Activist investor Elliott Investment Management is growing its stake in a prominent data center real estate investment trust. Paul Singer’s activist firm has emerged as one of the ten largest investors in Equinix, Bloomberg reported. Elliott previously disclosed it owned 150,000 shares — or 0.2 percent — of the company, but its holding today could not be discerned. Despite data center development making headlines across the country thanks to the artificial intelligence boom, Equinix’s stock market performance has sagged as providers struggle with expensive projects already bogged down by elevated interest rates. The company’s shares are down 16 percent this […]This article originally appeared on The Real Deal. Click here to read the full story.