Why Elliott Management? / Overview of Elliott Management
Elliott Management is a public equity activist investment firm with an AUM of $55.7B. It was founded by Paul Singer, a leading investor who came to prominence by pursuing distressed debt and going after the issuers through court battles if left unpaid.
Elliott Management invests across various sectors, with a particular focus on technology, financial services, and energy companies. Elliott Management is known for being one of the largest and most successful activist investors in the world, with a track record of driving significant improvements in the companies it invests in.
Remember that in order to craft a great answer to the common question "Why this Firm?", it's your responsibility to read articles and speak with employees. If you are interviewing with Elliott Management, you should make sure you know:
1 deal that the investment team you are recruiting with has done
1 person at the firm (ideally someone who would have influence over your recruiting process)
1 business model-specific detail to mention
We explain how to answer qualitative questions and research private equity firms in our Private Equity Course. We also teach how to build LBO models and prepare for case study interviews.
Selected Activist Impact
After building up a 6% stake in 2018, Elliott Management pressured British hospitality chain Whitbread Plc to spin off its Costa Coffee business. It argued that Whitbread's two key subsidiaries, Costa and hotel chain Premier Inn, were two distinct business with very little overlap and thus could generate extra value by selling off the coffee line.
Transaction Date: Closed January 2019
Transaction Value: $3.9B
Company Name: Elliott Management
Description: Elliott Investment Management is an American investment management firm and one of the largest activist funds in the world
Firm Category: Activist Investor
Status: Elliott Management is a privately held company
Assets Under Management: $55B
Headquarters: New York City, USA
Based on the H1B Database, the average base salary for an Analyst at Elliott Management is $125k - $150k. We note that this salary information may be dated and not reflective of their current pay.