Jump to content

Elliott Management letter, new capital commitment


gfp

Recommended Posts

CNBC has posted a copy of a short letter Elliott Management sent out to investors announcing their 7th capital commitment - they got commitments for $5 Billion in new capital in 24 hrs according to CNBC.  The letter is somewhat interesting - they are expecting a volatility spike at some point and would like to have the capital commitment in place to act on short-lived opportunities:

 

http://www.cnbc.com/2017/05/05/paul-singers-elliott-management-raises-5-billion-in-24-hours-letter.html

Link to comment
Share on other sites

Yerba in the same breath they say they have found enough to put their last facility to work... singer is legend don't get me wrong but I just don't put much into the "expecting a large event" as a) they want to give a reason to raise capital and b) doesn't look like they are bidding cash but instead seem to be fully invested (hence why raising more)

Link to comment
Share on other sites

  • 2 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...