Elliott Management Corp.
About
Founded in 1977, Elliott Management Corp. is one of the oldest fund managers of its kind under continuous management. As of Jan. 1, 2019, Elliott manages about $34 billion in assets under management. The firm employs a staff of 464 people, including 168 investment professionals, in its New York headquarters and affiliated offices elsewhere in the U.S., London, Hong Kong, and Tokyo.
Headquarters Address
New York, NY
United States
Website
www.elliottmgmt.comNews
Phillips 66 Urges Shareholders to Vote Against Elliott at Annual Meeting
Phillips 66’s board of directors is again pushing against one of its largest investors—Elliott Investment Management—with a letter to shareholders detailing how to vote against the investment company at its upcoming annual meeting.
Elliott Sues Phillips 66 to Put Board Nominees Up for Vote
Elliott Investment Management has asked a court to order Phillips 66 to require four board seats to stand for election at its annual shareholder meeting.
Validus Pays $850MM for 89 Energy as Midcon M&A Heats Up
Elliott Investment Management-backed Validus Energy continues to roll up Midcontinent assets, closing an $850 million acquisition of 89 Energy III.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
BP Pledges Strategy Reset as Annual Profit Falls by a Third
BP CEO Murray Auchincloss pledged on Feb. 11 to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
Activist Elliott Builds Stake in Oil Major BP, Source Says
U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported Feb. 8.
Buying Time: Continuation Funds Easing Private Equity Exits
An emerging option to extend portfolio company deadlines is gaining momentum, eclipsing go-public strategies or M&A.
Investment Firm Elliot Calls for Honeywell Restructuring in Letter to Board
As Honeywell’s largest active investor, Elliott Investment Management’s letter to Honeywell International argued that Honeywell should split into two entities—Honeywell Aerospace and Honeywell Automation.
Hedge Fund Elliott Chases Oil and Gas Deals, Bucking Wall Street
Each shale basin has different economics, but were oil prices to remain above $100/bbl, investment bankers estimate that Elliott could score investment gains of more than 80%.
Elliott Calls for Suncor Energy Strategic Review, Board Changes
Suncor said it will study Elliott’s recommendations and looks forward to engaging with the firm but added that it is “confident” in its strategy and “will continue to execute” on it.
Activist Investor Reportedly Seeking to Break Up Noble’s Sale to Chevron
Activist investor Elliott Management is seeking to break up Noble Energy's $5 billion sale to oil major Chevron, a Bloomberg reporter tweeted on Sept. 9.