Jesse Cohn, who runs U.S. activist investments at hedge fund Elliott Management, is infamous throughout technology board rooms for offering to acquire a company to force an auction -- a tactic that has proved lucrative. Now, he’s starting an Elliott Management private-equity strategy that will give those offers an added heft, people with knowledge of the matter said...“Reports of a new multi-billion-dollar private-equity effort are incorrect. Elliott has been doing private equity for years. We are exploring the idea of augmenting our existing activity, but no firm commitments or decisions have been made at this time,” Elliott Management said in an e-mailed statement. [Bloomberg]
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Being a hedge fund just wasn’t working out well enough.
Silver Lake Pays $1 Billion To Save Jack Dorsey, For Some Reason
Paul Singer’s bloodlust is temporarily sated by a $2 billion buyback.
Newly-Minted MBAs Taking Their Talents To Private Equity, Big Banks
Hedge funds, not so much.
Paul Singer May Or May Not Be Becoming A Nicer Person
And it may or may not have to be because he has to in order to win.
Paul Singer, Jeff Smith Think Carl Icahn Was On To Something
There’s more to pare from eBay’s tree.
Dear Executives and Directors of Travelport Worldwide
Paul Singer has an offer that you probably shouldn’t refuse.
Help Paul Singer Achieve Great And Terrible Things
All he needs is an extra $4 billion on top of the $2 billion he just raised.
‘Ineligible For PPP’ Has As Much Meaning To Hedge Funds, Private Equity Firms As ‘Alpha’
Alts shops sure got a whole lot of money they allegedly aren’t entitled to.