Hedge Fund Davide Leone Bets on Satellite Firm SES Defense Pivot

Hedge fund manager Davide Leone boosted his stake in SES SA this year, wagering the satellite company’s strategic shift toward defense will unlock long-term value — a thesis that still...

By Luca Casiraghi, Alberto Brambilla · Bloomberg Markets

Hedge fund manager Davide Leone boosted his stake in SES SA this year, wagering the satellite company’s strategic shift toward defense will unlock long-term value — a thesis that still stands, even after its latest earnings setback.