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
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