Elliott Lays Plans For Singer Succession

Jun 21 2011 | 3:19pm ET

You can’t say Elliott Management Corporation doesn’t plan ahead—the $17.1 billion hedge fund firm has put in place a board of directors to take over should current head Paul Singer stop managing the company through “death, incapacity, or otherwise.”

AR Magazine, citing a letter to investors dated Monday, June 20, says the Elliott board will have four members: Jonathan Pollock, Elliott co-chief investment officer; Brian Miller, chief trading officer; Gordon Singer, head of global event arbitrage strategies (and Paul Singer’s son); and Myron Kaplan, long-time Elliott legal counsel and a founding partner of Kleinberg, Kaplan, Wolff & Cohen.

In the letter, Singer (père) was quick to reassure investors that the introduction of the board does not signal any intention on his part to “diminish” the “time and attention” he devotes to the business.

The new board is the latest effort by the firm to give managers greater oversight responsibilities. In October of last year, Singer made Pollack, Miller and Gordon Singer equity partners and promoted Pollack to the office he currently holds, that of co-chief investment officer.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...