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

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of