Elliott Up 12%

Jan 8 2014 | 1:31pm ET

Elliott Management scored sizeable gains in December to push its returns into double-digit territory for the year.

The New York-based firm's $8.3 billion Elliott Associates rose 12.4% in 2013 after adding 2.6% in December. Elliott International, which manages $15.6 billion, posted slightly more modest gains of 2.5% last month and 11.8% last year.

Elliott easily topped its peers in 2013; industry indices show the average hedge fund had mid-single-digit returns for the year. But like just about all hedge funds, it badly underperformed the soaring stock market; the Standard & Poor's 500 Index rose 30% last year.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of