Elliott Management Corporation is an American hedge fund management firm. It serves as the management affiliate of American hedge funds flagship Elliott Associates L.P. and Elliott International Limited. Elliott was founded by Paul Singer, who also serves as CEO of the management company, which is based in New York City. From inception, Elliott has generated for its investors a 14.6% net compound annual return, compared to 10.9% for the S&P 500 stock index, and now has more than US$23 billion in assets under management. By 2009 "more than one-third of Elliott’s portfolio was concentrated in distressed securities, typically in the debt of bankrupt or near-bankrupt companies." Elliott has widely been described as a vulture fund. - Source: Wikipedia
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