Elliott in London?
I know that they’re typically split between equity activism, distressed, macro and everything else they do, but not sure if/ how this applies to London. Annecodtally I understood that in the London office (still headed by Gordon Singer I think) you can do almost anything as long as it makes money (obviously an oversimplification), but I’d love to hear thoughts from people who’ve interacted with them particularly on the equity activism or distressed side.
It’s a given recruiting is pretty much nigh-impossible but still: process, culture, hours, approach to either activism or distressed? Any color is much appreciated.
Thanks!
Associate 3 in PE - LBOs, have you checked out these or run a search:
More suggestions...
You're welcome.
Bump
I know they look at NatRes projects in Africa/Central Asia, potentially more on the debt side. Interesting dynamics since they're in the same building as Renaissance Capital, a big Russian investment bank specialized in DCM in emerging markets.
Leveraging the experience of toppling governments in young fresh democracies? Good for them! Joking aside, there's very little info about their European activities outside AC Milan and perhaps 1-2 activist campaigns. What I'm wondering is whether they actually have a distressed team here considering their $AUM and the relatively small volume and number of defaults in Europe... My bet is they don't and should a Caesars/ PG&E level bankruptcy happen on the old continent, they'd leverage the US team + an army of lawyers from that particular jurisdiction
In all fairness most bond OMs in Europe are in NY law, but having people that understand the European ecosystem is quite important - bankruptcy processes in Europe are not as easy as in the US (governments, unions have a say and it can easily be a shitshow).
I know of at least 3-4 public activist campains that they are publicly on-going(after trying to run it privately to management), these are very sizable with stakes above 1bn in pretty much all cases. They probably have 5-10bn of capital deployed in Europe - which is often the split for US funds (20% Europe, 0-20% RoW, and the rest in the US).
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Standard path to get in is GS, KKR / Bx then you go to Elliott.
They ran the Alexion campaign and are now in GSK and Clinigen.
Speak to Hinton Rose if you're interested - they placed a guy there a while ago. They asked me if I was interested and I told them my profile isn't GS -> KKR / Bx so why bother (still in banking)
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