Elliott, Paulson Drop Whitney Research Firm

Jul 9 2013 | 11:07am ET

Several high-profile hedge funds are apparently unimpressed by star analyst Meredith Whitney.

Elliott Management, Paulson & Co. and Balyasny Asset Management have all dropped Whitney's eponymous research firm, as have more than half of her clients since she launched her own company four years ago. New York-based Meredith Whitney Advisory Group started with more than 30 research clients; by January, it was down to just 14, The Wall Street Journal reports.

Whitney, who made her name as an Oppenheimer & Co. analyst when she predicted trouble for Citigroup in 2007, has cut back on Meredith Whitney Advisory Group's staff, in spite of early talk of expansion. The firm, which once employed five full-time investment professionals in addition to Whitney, now has just one.

A few months ago, Whitney was in the market to launch a hedge fund, interviewing potential executives. The fate of that project is unclear.

Whitney's firm still boasts some big names on ts client roster, including BlackRock and Guggenheim Partners. MWAG charges some of the highest fees in the research business, $100,000 per year.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...