Elliott Management

Beyond the corporate raider

The Financial Times wrote earlier today Elliott seeks to reassure investors as long-term returns fall behind S&P 500. Performance has lagged at Paul Singer’s hedge fund amid concerns that large size is barrier to strong returns.

Elliott Management is in the midst of fund raising and my channel checks suggest that recent performance has not hindered demand to invest with the firm. In fact I hear the demand is not just from institutional investors that like low volatility but also high net worth retail money that continues to admire Elliott’s brand and consistency.

A world class risk manager

“Never lose money.” This was what Paul Singer learned in the brutal bear market of 1973-74, when US stocks halved. He lost a lot of money trading stocks with his father and never forgot this. Fast forward 50 years and Singer’s firm Elliott Management manages $78bn, making it one of the biggest hedge funds in the world. Th…