Elliot - Global Situational Investing Group
Does this team at Elliot still exist? Seemed to have a very wide-open mandate?
Additionally, any other funds or groups on the street with a similar investment style or mandate?
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Based on the most helpful WSO content, Elliott Management's Global Situational Investing Group is known for its flexible mandate, allowing it to engage in a variety of investment strategies, including buyouts and distressed situations. Here are some key points:
Other funds or groups with a similar investment style or mandate include:
These funds are known for their ability to handle large cap situations and creatively extract value from distressed investments.
Sources: Top firms for distressed investing. Solving for brand and deal experience more than ability to growth within the organization., Any info on Elliott?, Citadel Global Equities (pay, culture, career path, lifestyle), Which of the large liquid distressed managers are still good seats?, Focusing on Investment Style Fit
It’s just an umbrella term for the entire public market strategy I think - teams are still split by sector/strategy/asset class within it
Oh, so is there a separate team that only does distressed investing and sovereign stuff now?
Why would there be? Distressed and sovereign are public
Equity-oriented team is split by vertical. Flexible mandate across publics + PE/PC.
Do they still do distressed? Haven't seen them in any structures ex BTU in recent years
Short answer is yes. They are publicly huge in a few distressed structures including SFR, MacAfee Enterprise, Thames, and WIN / UNIT. A few other structures they are pretty large in non-publicly but hold $100-300m+ cost position sizes in them. Has not been a core focus for them given the amount they need to buy to move needle.
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