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Elliott Management Review

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Elliott Management Corporation is an investment management firm with more than $73 billion in assets under management (AUM). It manages a total of 14 funds, or pooled investment vehicles, two of which are hedge funds. It currently employs 188 advisors.

It's important to understand that hedge funds are often complex, loosely regulated investments and therefore only accessible to accredited investors. If you're looking for trusted and comprehensive support in managing your own finances, consider speaking to a professional financial advisor.

Elliott Management Background

Elliott Management Corporation was founded by Paul Singer. The corporation has been in business since 1977 and all of its entities are controlled by Singer. Jonathan Pollock, Gordon Singer, Steve Cohen, Jesse Cohn and Dave Miller are the equity partners of Elliott. They are also members of the Elliott Management Corporation management committee. Paul Singer and Jonathan Pollock serve as co-CIOs and co- CEOs of the firm. As of March 2021, the firm was based in New York City; however, Singer announced in October 2020 that the firm was relocating headquarters to West Palm Beach, Florida.

The firm's clients are its funds, as well as certain co-investment commitments established by the firm to invest alongside the funds in specific U.S., Canadian and European private equity and private credit investments. The firm also provides investment advice to a co-investment vehicle called Ginsberg Aggregator LP.

Investors in the funds include pension plans, sovereign wealth funds, university endowments, charitable organizations, funds of funds, insurance companies, high-net-worth individuals and families, as well as Elliott insiders. The firm does have a minimum initial investment in each fund of $5 million.

Elliott Management Investment Philosophy

The funds' main goal is to generate as high a return as possible while still minimizing losses during adverse financial market periods. A more broad goal of the firm is to avoid significant losses under all market conditions. The firm has broad discretion to pursue any investment strategy or strategies that it considers appropriate.

Elliott Management Corporation employs a global, multi-strategy, hedged trading approach for the funds that covers a broad range of strategies. The firm generally trades in a wide variety of financial instruments, including but not limited to the following: stocks, bonds, options, futures, private equity as well as structured credit products. The firm's trading mandates are very broad and encompass almost every type of asset, investment interest security or property that can be traded or purchased.

Largest Hedge Funds Managed by Elliott Management 

Elliott International, LP

  • AUM: $49,421,776,131
  • Minimum: $5 million
  • Beneficial Owners: 800

Elliott Associates, LP

  • AUM: $21,758,961,152
  • Minimum: $5 million
  • Beneficial Owners: 847

Fees at Elliott Management 

Fees are charged by the firm to the fund or co-investment commitment, not to the clients directly. The funds pay a performance-based fee based on net capital appreciation, or net increase in value of assets.

Additional fees and expenses may apply, including but not limited to registration fees, maintenance fees, certain taxes and regulatory expenses. Therefore, it is imperative that potential clients reach out about specific fees charged to their fund.

What to Watch Out For

Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only to accredited investors. Such investors differ from retail investors or individual investors, who might be taking a more DIY approach or enlisting the services of a financial advisor

Elliott Management has a few disclosures listed on its latest SEC-filed Form ADV from within the last 10 years. For example, French regulators in 2014 fined Elliott $22 million for allegedly buying stock based on material nonpublic information. The firm appealed the decision unsuccessfully to various courts, and as of March 2021 had an appeal pending before the European Commission. The firm stands by its position that neither it nor its affiliates were conducting unlawful activities at any time.

In 2013, Swiss regulators ordered Elliott to pay $26,140 for a filing that allegedly was not timely filed. Elliott did not challenge the order.

As an SEC-registered investment manager, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC).

Becoming a Client of Elliott Management 

If you are an accredited investor and wish to become a client of Elliott Management, you can visit its website or call (212) 974-6000.

Investing Tips

  • Whether you are an accredited or sophisticated investor or not, it never hurts to consult a professional to make sure you're doing everything you can to manage your finances so that they can work for you. Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with financial advisors in just five minutes. If you're ready to connect with local advisors, get started now
  • It's never too early - or too late, for that matter - to start investing. In addition to connecting you with expert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. Take a look at our free investment calculator for a sense of how much a particular investment might be worth as well as its growth over time.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research