Talk:Elliott Investment Management

This article is rated C-class on Wikipedia's content assessment scale. It is of interest to the following WikiProjects:

Companies Companies portal This article is within the scope of WikiProject Companies, a collaborative effort to improve the coverage of companies on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks. ??? This article has not yet received a rating on the project's importance scale. WikiProject Companies To-do: Here are some tasks awaiting attention: Article requests : Wikipedia:Requested articles/Business and economics/Companies Assess : Category:Unassessed company articles Copyedit : Category:Company articles needing attention Infobox : Category:Company articles needing infoboxes Maintain : Portal:Companies Stubs : Help expand stub articles located at Category:Company stubs Other : Tag company articles with the {{portal|Companies}} template Tag company talk pages with the {{WikiProject Companies}} project banner Answer requests for comments Finance & Investment Low‑importance This article is within the scope of WikiProject Finance & Investment, a collaborative effort to improve the coverage of articles related to Finance and Investment on Wikipedia. If you would like to participate, please visit the project page, where you can join the discussion and see a list of open tasks. Low This article has been rated as Low-importance on the project's importance scale.

Archives

Archive 1

This page has archives. Topics inactive for 180 days are automatically archived by Lowercase sigmabot III if there are more than 4.

Giant/Biased Investment section

The Investment section makes the article too long. It is also needlessly specific and trivial for an article about the company. It gives too much weight to specific investments. The list also focuses nearly exclusively on Elliott's successes in investment. Some of the investment subsections are worded with a tone that violates neutral point of view.

The Sovereign Debt subsection spins the information like the company is some sort of anti-corruption crusader and uses quotes out of context. OCNative (talk) 09:09, 25 July 2025 (UTC)[reply]

Agreed. At minimum the investment section needs to be substantially cut down, and the sovereign debt section reworded.

I also personally feel like the sovereign debt section should be made into its own top-level section. The Argentina holdout is obviously a much bigger topic than their holdings in say, Telecom Italia, and the layout of the article should reflect that. There's no reason IMO it should be under "Investments" much less at the very bottom of that massive list. GonzoTheGrafted (talk) 02:30, 15 December 2025 (UTC)[reply]

January 2026 Edit Request

The user below has a request that an edit be made to Elliott Investment Management. That user has an actual or apparent conflict of interest. The requested edits backlog is very high. Please be extremely patient. There are currently 338 requests waiting for review. Please read the instructions for the parameters used by this template for accepting and declining them, and review the request below and make the edit if it is well sourced, neutral, and follows other Wikipedia guidelines and policies.

I would like to make a suggestion to improve the article in line with some of the discussions on this Talk page. For transparency, I am making this request on behalf of Elliott Investment Management and will not edit the article directly on these points unless the Wikipedia community agree with my ideas.

I will take the liberty of directly correcting a few typos in the article where Elliott is missing the second 't'.

The Investments section is definitely too long with no sensible order to it. I would like to suggest:

1. Putting the section into chronological order, with subsections for each decade. I have provided this order in the expandable box below using the code from the live article for all references, so if this order makes sense to others, you should be able to copy and paste the source code to replace the current section:

Reordered "Investments" section

Investments 2000-2009 Wella AG In 2003, Elliott believed Procter & Gamble was not offering a fair price to all preferred shareholders for the German hair products company Wella AG. Elliott joined other funds in opposing the deal, including Germany's second-largest fund manager, Deka Investments. After several years of legal and shareholder battles, P&G raised its offer for Wella AG for all preferred shareholders.[1] According to the Börsen-Zeitung, Elliott said its goal was to "protect the rights of minority shareholders."[2] Shopko In April 2005, the Wisconsin-based retail chain Shopko announced that it had agreed to be acquired for approximately $1 billion by a private equity firm at a price of $24 per share.[3] This and a subsequent offer at $25 were rejected, according to the Milwaukee Business Journal, "after several dissident shareholders threatened to vote down the transaction, claiming the bid was too low." Elliott joined other hedge funds in opposing the sale because it felt the price was too low and because it had concerns about conflicts of interest on the board.[4][5] Elliott eventually participated in purchasing ShopKo at $29 per share.[6] Adecco The human resource consulting company Adecco announced in January 2006 it had secured a 35 percent stake in DIS AG, at a price of €54.5 per share, making an offer at that price for all shares.[7] The company also announced that the DIS CEO and CFO had signed lucrative management agreements that eventually would make them CEO and CFO, respectively, of Adecco.[8] Adecco attempted to de-list DIS but was blocked in court by a number of hedge funds, including Elliott. The funds also raised concerns about conflict of interest by the CEO and CFO. Eventually Adecco offered €113 per share, which was accepted.[7] Novell In March 2010, Elliott bid $5.75 per share for software company Novell. Although Novell rejected the offer, Elliott "welcomed" the decision to sell the company.[9] 2010-2019 Time Equities Since 2010, Elliott Management has expanded into investing in distressed real estate. It has been active in Japanese and German real estate and in 2015 viewed Spain and Italy as offering attractive investment opportunities.[10] According to The New York Times, it has "teams of analysts and portfolio managers in London, Hong Kong and Tokyo and investments worth more $2 billion." In the U.S., it "has focused on filling in the gap where banks have had to rein in their lending by participating in direct financing with developers."[11] In 2013, Elliott Management teamed up with Time Equities on a 63-story commercial and real estate project in New York, and took an ownership stake in Silverpeak Real Estate Finance, a commercial real estate lender.[11] The New York Times reported in May 2014 that Elliott Management was financing the development of 5 Beekman Street, a 130-year-old building at the site of one of Manhattan's first skyscrapers, into a 287-room hotel and 46-story condominium called the Beekman. The project would be carried out by GFI Capital Resources, a New York real estate company.[11] Vinashin In December 2011, it was reported that Elliott was suing the Vietnamese shipbuilding firm Vinashin in a British court. The company had defaulted a year earlier on a $600 million loan backed by the Vietnamese government, then offered to pay bondholders 35 cents on the dollar. Elliott sued for the full amount.[12] In April 2012 Elliott dropped the case.[13] Hess Corporation In late 2012, Elliott criticized the oil company Hess for its use of capital and for being "distracted" from oil exploration and production by other activities. In January 2013, Elliott called on Hess to sell certain assets and asked Hess investors to vote for five new directors as part of an effort to reconfigure the oil firm and thus boost its share price.[14] "Buried within Hess Corp. is one of the premier U.S. resource play-focused companies," Elliott wrote.[15] In March, Hess announced that it was acting on some of Elliott's suggestions, but Elliott said that Hess's changes fell far short of what was needed.[16] In April, it was reported that Hess would close its London office on Elliott's advice.[17] Hess has been a "top pick" for Elliott since 2013.[18] As of the fourth quarter of 2014, Elliott owned 17.8 million shares of Hess, worth $1.3 billion, making it Elliott's largest holding.[19] Compuware It was reported in December 2012 that Elliott, which already had an 8% stake in Compuware, had offered to buy the company for $11 a share in cash.[20] Sanko Steamship In late 2013 Elliott took control of the bankrupt Japanese shipowner Sanko and proceeded to close the majority of the overseas offices of that Company. Elliott eventually asset stripped the company's overseas properties and any equity left in the Companies vessels.[21] On 1 April 2012 Sanko had either managed or owned a fleet of 185 ships, which included 46 tankers and 27 dry bulk carriers.[22] By early 2019 this had been reduced to just 5 bulk carriers.[23] In March 2024 it was announced[24] that Sanko would sell their last vessel and exit shipowning after 90 years of existence. Interpublic Group In summer 2014, Elliott disclosed a 6.7% stake in The Interpublic Group of Companies, an advertising agency holding company, and "a person briefed on the matter said Elliott planned to call on the company to sell itself to one of its competitors".[25] Sigfox Main article: Sigfox Elliott is one of several firms that, according to a February 2015 report, have invested in the Sigfox cellular network, which serves France, Spain, the UK, and the Netherlands.[26] Solar projects in UK In February 2015, the Telegraph reported that Elliot Management's UK arm, Elliott Advisors (UK) Limited, had put money into half a dozen unnamed solar-power projects in that country, and that it had "hedged its bets by taking out short positions in five other renewable energy funds listed on the London stock market."[27] CDK Global LLC Elliott acquired a 4% stake in CDK Global in May 2015.[28] As of September 2016, it held a 5.4% stake in the company and is the third-largest shareholder.Cite error: A <ref> tag is missing the closing </ref> (see the help page). On 8 June 2016, Elliott sent a letter to CDK Board of Directors advising that "CDK adopt the steps in the Value-Maximizing Plan without delay" due to share-holder support of the plan in the 4 May letter.[29] Samsung In the summer of 2015, Elliott, then a major investor in Samsung's construction division, opposed efforts by acting Samsung head Jay Lee who sought to have one part of the firm purchase the construction unit for $8 billion. Despite Elliott's opposition, the merger went through and Elliott sold its shares. Two years later, Lee was convicted of bribery and imprisoned after it was shown he had bribed a friend of South Korea's president to secure the merger.[30] Comcast In September 2015, Elliott purchased a 1,940,642-share stake in Comcast, a Philadelphia-based mass media company, for an average price of $58.68 a share. This transaction had a 1.65% impact on Elliott's portfolio.[31][32] Cabela's In October 2015, Elliott disclosed an 11.1 percent stake in Cabela's, an outdoor recreation and clothing retailer, reporting that it is seeking to engage the company's board to discuss strategies and a potential sale of the company.[33][34] Elliott Management, in particular an exposé on Paul Singer featured by Tucker Carlson, was criticized for their handling of Cabela's headquarters following the acquisition and sale to Bass Pro Shops, due to the massive layoffs in the town of Sidney, Nebraska.[35] PulteGroup In July 2016, Elliott persuaded the PulteGroup, a home builder in which it owns 4.7%, to add three new board members, cut investments in new land, and buy back shares.[36] Alcoa After buying a stake in Alcoa (now Arconic) that earned it three board seats, Elliott forced a restructuring, after which Elliott was able to sell its stake at a 104% profit.[37] Alexion Elliott acquired a position in Alexion Pharmaceuticals in 2017. In May 2020 Elliott Management again pushed for Alexion to sell itself, months after the drugmaker had rejected the hedge fund's earlier demand. Elliott argues that Alexion management's actions, including a recent move to acquire Portola Pharmaceuticals for about $1.4 billion, are leading in the "wrong direction." In December, Alexion's board unanimously rejected a recommendation by Elliott to immediately launch a proactive sale.[38] Oncor Electric Delivery In August 2017, Elliott, which held $1.8 billion in debt related to Oncor Electric Delivery, a Texas transmission and distribution electric utility, sought to block Berkshire Hathaway's bid to acquire Oncor.[39] Akzo Nobel In August 2017, Akzo Nobel, a Dutch paint and chemicals company, said it had ended a dispute with Elliott. PPG Industries, an American rival, had sought to take over Akzo Nobel, Elliott had urged talks between the two and eventually took legal action as part of an effort to replace Akzo Nobel's chairman, Antony Burgmans. During the conflict, Elliott became Akzo Nobel's top shareholder, with a stake of about 9%.[40] Energy Future Holdings As of August 2017, Chais Fitzwater, otherwise known as Elliott owned enough of Energy Future Holdings' debt to block a Berkshire Hathaway takeover bid, which had made an offer the previous month to salvage the heavily indebted firm.[41] Mentor Graphics Corp. Elliott bought 9% of Mentor Graphics Corp. in 2017, then pushed for a takeover by Siemens. Elliott earned a 68% profit.[37] athenahealth In 2017–2018, under pressure from Elliott, athenahealth undertook substantial cost-cutting measures, and co-founder Jonathan S. Bush resigned.[42] NXP Semiconductors NV In November 2017, Elliott and UBS Group AG collaborated in an effort to bring up the purchase price of NXP Semiconductors NV, which Qualcomm was seeking to buy.[43] Waterstones In April 2018, Elliott bought a majority stake in Waterstones, leaving Alexander Mamut's Lynwood Investments with a minority holding.[44] The sale completed in May 2018. James Daunt will remain as chief executive.[45] Telecom Italia In May 2018, Elliott Management won a battle for control of Telecom Italia, controlling two-thirds of Telecom Italia's board seats.[46] AC Milan In July 2018, Elliott Management took ownership of Italian football club AC Milan with a 99.93% stake in the club, after previous owner Li Yonghong defaulted on a €415M debt to Elliott. Elliott immediately started dismissing board members at Rossoneri Sport Investment Lux, the company through which Li Yonghong held AC Milan. On 10 July 2018, Paul Singer declared in an official statement to implant €50M of equity capital to stabilize the finances within the club.[47] In June 2022, RedBird Capital Partners agreed to acquire the club from Elliott for €1.2 billion.[48] Pernod Ricard In December 2018, Elliott purchased a 2.5% stake in Pernod Ricard.[49] Barnes & Noble On 7 June 2019, Elliott Management announced it would acquire Barnes & Noble for around $683 million.[50] On 7 August 2019, Elliott Management completed the acquisition of the company.[51] James Daunt will be CEO of both Waterstones and Barnes & Noble and will relocate from London to New York.[52] On 7 August 2019, Barnes & Noble became a privately held, wholly owned subsidiary of Elliott.[52] AT&T In September 2019, Elliott Management published an activist investor letter addressed to the AT&T board of directors, asserting what Elliott called "a compelling value-creation opportunity" at AT&T. Elliott stated it had accumulated $3.2 billion of AT&T stock (1.2% equity interest).[53] JW Marriott Desert Ridge Resort & Spa In September 2019, a joint venture among funds managed by Trinity Real Estate Investments LLC and funds managed by Elliott Management Corporation announced the acquisition of the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix.[54][55] 2020 onwards Softbank Group In February 2020, it was reported that Elliott Management built a more than $2.5 billion stake in the Japanese conglomerate SoftBank Group.[56] In August 2022, Financial Times reported that Elliott had sold almost all its shares in SoftBank purportedly after losing conviction in Masayoshi Son's ability to lead a turnround.[57] Twitter In February 2020, Elliott Management, with about $2 billion in shares, nominated three directors to the board of Twitter, Inc.[58] The Wall Street Journal then reported that Singer wants to replace Jack Dorsey, due to Dorsey's workload as CEO of both Twitter and Square, and his potential move to Africa.[59] In April 2021, Elliott's directors planned to step down from the board after Twitter's stock performance rose 95% in 2020.[60] Elliott's February 2020 purchase of Twitter stock was at a per share price of about $36. Elliott exited Twitter in June 2022 shortly after Elon Musk made his tender offer,[61] when the share price was dynamic in the mid to high $45–$50 range, giving Elliott a gain over two years of approximately 33% on the investment. F5 Networks Inc. In November 2020, Elliott Management invested in F5 after having "spoke to the software company's management in recent weeks about ways to boost its lagging stock".[62] Ahold Delhaize In November 2021, Elliott Advisors announced that it is a large investor with a 3% economic interest in Europe's largest supermarket business, Ahold Delhaize, valued at approximately $1 billion.[63] BioMarin Pharmaceuticals In November 2023, Elliott Investment Management spent over $1 billion on a stake in BioMarin, which focuses on rare genetic disorders and is valued at about $16 billion.[64] Johnson Controls Inc. In May 2024, Elliott Advisors announced that it is a large investor in Johnson Controls valued at approximately $1 billion.[65] Southwest Airlines In June 2024, Elliott Management announced that it had taken a $1.9 billion position in Southwest Airlines and would seek to oust leadership at the carrier, arguing it had "failed to evolve" citing "leadership's stubborn unwillingness to evolve the Company's strategy." The fund launched a website, StrongerSouthwest.com, with a letter for shareholders arguing in favor of its changes. That September, Southwest announced a shakeup of corporate leadership in response to pressure from Elliott, eliminating two board positions and resulting in the retirement of Southwest's CEO Gary C. Kelly, the chief financial officer, and the chief administrative officer.[66] Under Elliott's pressure, Southwest eliminated several unique features of its airline, such as its open seating policy and offering two free checked bags, implementing the first mass layoffs in its 53 year history, introducing basic economy fares, and adding redeye flights and premium seating.[67] BP In February 2025, Elliott Management had amassed a 5% stake in British Petroleum (BP) worth £3.8 billion.[68] They were amongst a group of shareholders who put pressure on BP to increase profits, leading the company to announce in the same month that it was expanding oil and gas production whilst cutting its investment in renewable energy by more than half.[69] PepsiCo In September 2025, it was reported Elliott had built a ~$4B stake in PepsiCo. The position is one of the firm's largest equity stakes and makes Elliott one of PepsiCo's top shareholders. Elliott delivered a letter to PepsiCo's board of directors suggesting the company consider refranchising its bottling network and eliminate underperforming product lines.[70] The move comes as Pepsi Co's valuation lies roughly 20% below its ten year average.[71]

References for Investments section (using refnames from main article)

References Cite error: The named reference kambiz was invoked but never defined (see the help page). Waxley, Simon; Tuil, Frank (2 February 2005), "Rights for All – How the Fight for Wella is a View of the Future", Börsen-Zeitung "New bidders propose $26.50 per share for ShopKo" (Press release). The Business Journal of Milwaukee. 3 October 2005. Retrieved 3 October 2010. "Elliott Files Schedule 13D Disclosing Substantial ShopKo Ownership; Strongly Opposes Current Offer for the Company" (Press release). PR Newswire. 6 September 2005. Retrieved 3 October 2010. Hajewski, Doris (7 September 2005), "ShopKo sale may be in danger", Milwaukee Journal Sentinel, retrieved 3 October 2010 "ShopKo agrees to $29 a share offer from Sun Capital", The Business Journal of Milwaukee, 18 October 2005, retrieved 3 October 2010 "Permission given to Adecco to Delist DIS", Borsen-Zeitung, 12 June 2008 "German DIS Minority Shareholders Oppose Swiss Parent Adecco", German Business Digest, 21 April 2006 Savitz, Eric (22 March 2010). "Novell: Elliott "Welcomes" Decision To Consider Possible Buyers". Retrieved 3 October 2010. Cite error: The named reference equity partners was invoked but never defined (see the help page). Stevenson, Alexandra (23 May 2014). "Elliott Management Backs Skyscraper Revival". The New York Times. Retrieved 16 April 2015. Luochang Yu, Bob (13 December 2011). "Elliott Associates Is Suing Vietnam-based Vinashin". Retrieved 13 June 2013. "Elliott Ends Case Against Vietnamese Shipbuilder – FINalternatives". finalternatives.com. "Elliott Management Calls for Board Shake-Up at Hess". The New York Times. 29 January 2013. Retrieved 13 June 2013. "Activist Investor Elliott Management Seeking to Remake Hess". The Wall Street Journal. 29 January 2013. Retrieved 13 June 2013. "Elliott Management Responds to Hess Corporation Shareholder Letter and Presentation". BusinessWire. 4 March 2013. Retrieved 13 June 2013. "London Office Closure". The Daily Telegraph. London. 3 April 2013. p. 3. Retrieved 12 June 2013. Erbar, Pablo (28 February 2015). "Billionaire Paul Singer is Bullish and Bearish About These Energy Stocks". Insider Monkey. Retrieved 16 April 2015. "Paul Singer Bio, Returns, Net Worth". Insider Monkey. Retrieved 16 April 2015. Savitz, Eric (17 December 2012). "Compuware Gets $11/Shr Bid From Elliott Management". Forbes. Retrieved 13 June 2013. Baltic Exchange London Private Members Report April 2016 Sanko Steamship Fleet List 2012 Sanko Steamship Fleet List jan 2019 "Sanko sells last ship". 11 March 2024. de la Merced, Michael J., "Paul Singer Takes Stake in Advertising Titan Interpublic and Pushes for Sale", New York Times, 24 July 2014. Retrieved 2-014-07-24. Lunden, Ingrid (11 February 2015). "Sigfox Raises $115M To Take Its Internet of Things Network Global". Tech Crunch. Retrieved 16 April 2015. Dakers, Marion (7 February 2015). "Hedge fund makes £100m bet on British solar power". The Telegraph. Retrieved 16 April 2015. "With Elliott Management, CDK Now Has Its Third Activist". "8 June letter to CDK Board of Directors" (PDF). Wieczner, Jen (15 December 2017). "Inside Elliott Management: How Paul Singer's Hedge Fund Always Wins". Fortune Magazine. "Paul Singer Acquires Stake in Comcast". NASDAQ. 25 September 2015. Retrieved 27 September 2015. "On Sale: Accumulation by this Activist Could Wake Up Sleepy Comcast (CMCSA)". Street Insider. 18 September 2015. Retrieved 27 September 2015. Moyer, Liz (28 October 2015). "Elliott Management Takes 11% Stake in Cabela's". The New York Times. Retrieved 29 October 2015. "Elliott Discloses 11.1% Stake in Cabela's". The Wall Street Journal. 28 October 2015. Retrieved 29 October 2015. Couger, Charles (2019-12-03). "The death of Sidney, Nebraska: How a hedge fund destroyed 'a good American town'". Fox News. Retrieved 2020-07-31. Allison, Kevin (22 July 2016). "Elliott Management Shows PulteGroup Founder How to Get Things Done". The New York Times. "Paul Singers $2 Billion Bet". ValueWalk. 1 December 2017. "Elliott Advisors (UK) Limited sent the following letter to the Board of Alexion today" (PDF). Elliott Advisors. 20 August 2018. Retrieved 13 May 2020. "Steve Jordon". 18 August 2017. Bray, Chad (16 August 2017). "Akzo Nobel Ends Feud With Elliott Management". The New York Times. Lauren Silver Laughlin (17 August 2017). "In Battle Over Texas Utility, Elliott Is Grasping at Straws". The New York Times. "Paul Singer, Doomsday Investor". The New Yorker. 20 August 2018. Dana Mattioli; David Benoit (2 November 2017). "Elliott Management Enlists UBS in NXP Campaign". The Wall Street Journal. Hoggan, Karen (26 April 2018). "Waterstones bookshop chain sold to Elliott Advisors". BBC News. Retrieved 28 April 2018. Eley, Jonathan (26 April 2018). "Activist fund Elliott buys British bookstore Waterstones". Financial Times. Retrieved 28 April 2018. "Paul Singer's Elliott Management wins bitter battle for control of Telecom Italia". CNBC. 4 May 2018. "Official: Elliott now own Milan – Football Italia". football-italia.net. 10 July 2018. "Meet the dealmaker who bought AC Milan from Elliott Management". Financial Times. 4 June 2022. "Activist investor takes stake in Pernod Ricard". 12 December 2018. Dwyer, Colin (7 June 2019). "Barnes & Noble Set To Be Sold To Elliott Management For About $683 Million". NPR. Retrieved 7 June 2019. "Elliott Completes Acquisition of Barnes & Noble". Yahoo! Finance (Press release). 7 August 2019. Retrieved 7 August 2019. "Elliott Completes Acquisition of Barnes & Noble". Bloomberg News. Business Wire. 7 August 2019. Retrieved 17 April 2021. "AT&T shares jump after activist Elliott Management takes $3.2 billion stake". CNBC. 9 September 2019. "Elliott Management Corporation acquires the JW Marriott Desert Ridge Resort & Spa". 3 September 2019. "950 Room JW Marriott Desert Ridge Resort & Spa Sold". www.hotelnewsresource.com. "Elliott Management Took a Stake in Struggling SoftBank. It Sees the Value Barron's Saw". Barron's. Retrieved 7 February 2020. Massoudi, Arash (15 August 2022). "Hedge fund Elliott dumps SoftBank stake after souring on Masayoshi Son". Financial Times. Driebusch, Corrie; Morris, Betsy (29 February 2020). "Elliott Management Nominates Four Directors to Twitter's Board". The Wall Street Journal. Retrieved 9 March 2020. Brown, Abram (29 February 2020). "Twitter's Jack Dorsey Has A New Nemesis: Hedge Fund Billionaire Paul Singer". Forbes. Retrieved 2 September 2020. "Elliott's Cohn Plans to Step Down From Twitter Board". Bloomberg.com. 2021-04-01. Retrieved 2021-04-02. "Elliott exited Twitter during second quarter amid takeover frenzy, filings show". reuters.com. 2022-08-15. Retrieved 2022-12-15. Driebusch, Corrie (8 November 2020). "Elliott Management Takes Stake in Software Company F5 Networks". The Wall Street Journal. Eley, Jonathan (2021-11-17). "Elliott takes $1bn stake in Europe's biggest supermarket Ahold Delhaize". Financial Times. Retrieved 2021-11-17. Herbst-Bayliss, Svea (November 7, 2023). "Exclusive: Activist investor Elliott targets drugmaker BioMarin -sources". Reuters. Retrieved August 22, 2024. Tse, Crystal (2024-05-20). "Activist Hedge Fund Elliott Builds $1 Billion-Plus Stake in Johnson Controls". Bloomberg. Retrieved 2024-05-21. Snyder, Rachel (2025-02-08). "2 more Southwest Airlines board members stepping down, finishing board overhaul by Elliott Investment Management". wfaa.com. Retrieved 2025-11-24. Snyder, Rachel (2025-03-13). "Southwest Airlines shakeup: Who is Elliott Investment Management, the activist investor who called for changes at the airline?". wfaa.com. Retrieved 2025-11-24. Ambrose, Jillian (13 February 2025). "Activist hedge fund reportedly amasses £3.8bn stake in BP". The Guardian. London. Retrieved 13 February 2025. Jack, Simon (26 February 2025). "BP to slash green investment and ramp up gas and oil". BBC News. London. Retrieved 26 February 2025. Thomas, Laura Cooper and Lauren. "Exclusive | Elliott Pushes for PepsiCo Turnaround With $4 Billion Stake". The Wall Street Journal. Retrieved 2025-09-02. Cyran, Robert (September 4, 2025). "Pepsi fizz better added with a stir than a shake". Reuters.

2. The Sovereign debt section should really come after "Early activities" in the Investment section, but I agree it does not really fit in with the rest of the content. It could be moved to come just before the Investments section so that the chronological theme still works.

Sovereign debt section position change

Early activities Early in its history, Elliott focused on convertible arbitrage, refocusing primarily on distressed debt investing following the 1987 stock market crash and early 1990s recession. Elliott is known for restructuring such U.S. firms as Trans World Airlines, MCI, WorldCom, and Enron[1] as well as overseas companies including Telecom Italia SpA and Elektrim. Sovereign debt A portion of Elliott's distressed securities trading has been in sovereign debt.[2] In 1995, Elliott bought $20 million face value of defaulted Peruvian bank debt. In 1998, after extensive litigation and numerous attempts by Elliott to settle, the court awarded the hedge fund $58 million, including past due interest.[3][4] After Argentina defaulted on its sovereign debt in 2002, Elliott, which owned Argentinian bonds with a nominal face value of $630 million now worth $2.3 billion, refused to accept Argentina's offer of less than 30 cents on the dollar. Elliott won judgments against Argentina in U.S. and U.K. courts but did not collect payment. In October 2012, an Elliott subsidiary, NML Capital, arranged for the seizure in Ghana of the ARA Libertad, an Argentinian naval vessel, which it intended to confiscate in accordance with court judgments awarding it over $1.6 billion in Argentinian assets.[5] A November 2012 New York trial, which ended in a ruling for NML and against Argentina; legal experts called it the "sovereign debt trial of the century." In a letter published in the Financial Times, legal experts Andreas F. Lowenfeld and Peter S. Smedresman defended NML's position.[6] Elliott exposed corruption in the Republic of the Congo in its efforts to enforce judgments totaling more than $100 million in defaulted bank debt.[7][8] In 2008, Elliott bought $32.6 million in loan debt incurred by Congo. In 2002 and 2003, a British court awarded Elliott more than $100 million for these debts. During the case, US President George W. Bush used a constitutional clause preventing seizure of Congolese assets in the United States by the hedge fund.[9] Brice Mackosso, a campaigner for greater transparency and against corruption in the Congo Republic's government, stated that if it were not for funds like Elliott, "we would not know any facts about the way our country's wealth is being taken away."[2] After Elliott's investigations produced evidence of corruption, the government settled for an estimated $90 million on debt for which Elliott paid less than $20 million.[10]

References for Early activities section (using refnames from main article)

References Jinks, Beth (10 January 2014). "Elliott Funds' Flurry a 'Harbinger' of Activist New Year". Bloomberg News. Polgreen, Lydia (10 December 2007). "Unlikely Ally Against Congo Republic Graft". The New York Times. Retrieved 16 October 2013. Bosco, David (11 June 2007), "The Debt Frenzy", Foreign Policy, archived from the original on 8 June 2011, retrieved 3 October 2010 Bosco, David (13 October 2009). "The Debt Frenzy". Foreign Policy. Archived from the original on 22 March 2021. Retrieved 17 April 2021. Whitehouse, Kaja. "Argentina says 'Arrh, no!' to Paul Singer's $20 million demand for seized ship". New York Post. Retrieved 13 June 2013. Lowenfeld, Andreas; Smedresman, Peter. "Understand the proper role of courts". Financial Times. Retrieved 24 February 2016. The Debt Frenzy^[permanent dead link], Foreign Policy, July/August 2007 The Debt Frenzy Archived 26 September 2013 at the Wayback Machine, MyWire, 1 July 2007 Palast, Greg (7 August 2014). "How Barack Obama could end the Argentina debt crisis". The Guardian. Retrieved 29 March 2016. Celarier, Michelle. "Mitt Romney's hedge fund kingmaker". CNN. Retrieved 13 June 2013.

Thanks in advance and I hope this makes the article easier to navigate. Tykonikon (talk) 15:59, 15 January 2026 (UTC)[reply]