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

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  • Elliott is known for buying stakes in companies and actively pushing for change.
  • Last year she bought a multi-billion dollar stake in GlaxoSmithKline and called for a leadership review of the pharmaceutical group.

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Elliott Management paid out £137m to its 106 UK employees.

Elliott Management paid out £137m to its 106 UK employees.

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The ruthless hedge fund’s payouts are up from the £113.3m it paid in 2020, according to Companies House.

That comes to almost £1.3m per person and comes after the firm made a £9.1m profit in the 12 months to the end of December.

The company posted a loss of £4.5m a year earlier.

Elliott is known for buying stakes in companies and actively pushing for change. Last year she bought a multi-billion dollar stake in GlaxoSmithKline and called for a leadership review of the pharmaceutical group.

Elliott is also calling for the dissolution of energy company SSE and a management overhaul at homebuilder Taylor Wimpey.

He owns the Waterstones bookstore, which he bought in 2018 through his private equity arm. Elliott was founded by Paul Singer in 1977 and has been based in Mayfair, London since 1994. As of June 30, the company manages £49 billion in assets and employs 500 people.

Credit: www.thisismoney.co.uk /

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