Staff at ruthless hedge fund Elliott Management paid an average of £1.3million each


Staff at ruthless hedge fund Elliott Management land an average of £1.3million each

  • Elliott is known for taking stakes in firms and aggressively pushing for change
  • Last year it took a multi-billion pound stake in GlaxoSmithKline and called for an overhaul of the pharmaceuticals group’s leadership

Elliott Management has paid £137m to its 106 staff in the UK

Elliott Management has paid £137m to its 106 staff in the UK. 

The ruthless hedge fund’s pay pot is up from the £113.3m it paid in 2020, accounts at Companies House show. 

It equates to nearly £1.3m per person and comes after the firm swung to a profit of £9.1m for the 12 months to the end of December. 

The company had posted a £4.5m loss the year before. 

Elliott is known for taking stakes in companies and aggressively pushing for change. Last year it took a multi-billion pound stake in GlaxoSmithKline and called for an overhaul of the pharmaceuticals group’s leadership. 

Elliott is also calling for a break-up of power company SSE and a management overhaul at housebuilder Taylor Wimpey. 

It owns bookseller Waterstones, which it bought in 2018 through its private equity division. Elliott was set up by Paul Singer in 1977 and has had operations in Mayfair, London, since 1994. It manages £49bn of assets as of June 30 and employs 500 people.

Read more at DailyMail.co.uk