Elliott Management Corp.
About
Founded in 1977, Elliott Management Corp. is one of the oldest fund managers of its kind under continuous management. As of Jan. 1, 2019, Elliott manages about $34 billion in assets under management. The firm employs a staff of 464 people, including 168 investment professionals, in its New York headquarters and affiliated offices elsewhere in the U.S., London, Hong Kong, and Tokyo.
Headquarters Address
New York, NY
United States
Website
www.elliottmgmt.comNews
Phillips 66 Leans into Midstream Growth Despite Elliott Activism
Phillips 66 grew its midstream segment so much that activist investor Elliott Management pushed to splinter the company—but the refining giant sees gold in moving NGLs.
Honeywell Acquires Pump, Compressor Maker Sundyne for $2.2B
Honeywell’s acquisition of Sundyne follows a restructuring announcement spurred on by Elliot Investment Management.
Activist Elliott Poised to Win Two Board Seats at Phillips 66, Sources Say
Elliott is pressing Phillips 66 to sell some assets to become a pure-play refiner, improve performance at its refining business and improve corporate governance.
Phillips 66 Adding Permian Gas Plant, Sticking with NGL Growth Plan
Phillips 66 said it will add a gas processing plant in the Permian Basin while continuing to strengthen its NGL system.
Phillips 66 Fires Back at Elliott Over Citgo Conflict of Interest Amid Board Fight
The salvo is the latest in a bitter spat between Phillips 66 and Elliott that is due to come to a head at a shareholder meeting next month.
BP Forecasts Dip in First-Quarter Upstream Production
BP anticipates a quarter-over-quarter decline in upstream production when it reports earnings later this month.
Phillips 66 Urges Shareholders to Vote Against Elliott at Annual Meeting
Phillips 66’s board of directors is again pushing against one of its largest investors—Elliott Investment Management—with a letter to shareholders detailing how to vote against the investment company at its upcoming annual meeting.
Elliott Sues Phillips 66 to Put Board Nominees Up for Vote
Elliott Investment Management has asked a court to order Phillips 66 to require four board seats to stand for election at its annual shareholder meeting.
Validus Pays $850MM for 89 Energy as Midcon M&A Heats Up
Elliott Investment Management-backed Validus Energy continues to roll up Midcontinent assets, closing an $850 million acquisition of 89 Energy III.
BP Resets to NatGas as Energy Transition Takes a Backseat, CEO Says
BP CEO Murray Auchincloss said the company’s strategic shift will focus on natural gas and “the time has come for the Haynesville.”
Phillips 66’s Brouhaha with Activist Investor Elliott Gets Testy
Mark E. Lashier, Phillips 66 chairman and CEO, said Elliott Investment Management’s proposals have devolved into a “series of attacks” after the firm proposed seven candidates for the company’s board of directors.
Elliott Nominates 7 Directors for Phillips 66 Board in Big Push for Restructuring
Elliott Investment Management, which has taken a $2.5 billion stake in Phillips 66, said the nominated directors will bolster accountability and improve oversight of Phillips’ management initiatives.
BP Cuts Renewable Investment, Boosts Oil and Gas in Strategy Shift
BP aims to grow oil and gas production to between 2.3 MMboe/d and 2.5 MMboe/d in 2030.
Elliott Demands Phillips 66 Sell or Spin Off Midstream Biz for $40B+
Activist investor Elliott Capital Management disclosed Feb. 11 it has built a $2.5 billion position in Phillips 66 and issued a series of initiatives, including the sale or spinning off of the company’s midstream assets.
BP Pledges Strategy Reset as Annual Profit Falls by a Third
BP CEO Murray Auchincloss pledged on Feb. 11 to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.