November 27, 2014 5:07 AM ET

Capital Markets

Company Overview of Elliott Management Corporation

Company Overview

Elliott Management Corporation is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It invests in the public equity, fixed income, and alternative investment markets across the globe. The firm obtains external research to complement its in-house research. Elliott Management Corporation was founded in 1977 and is based in New York City with an additional office in London, United Kingdom.

40 West 57th Street

New York, NY 10019

United States

Founded in 1977

Phone:

212-974-6000

Fax:

212-478-2476

Key Executives for Elliott Management Corporation

Vice President
Vice President and Chief Operating Officer
Equity Partner
Head of Structured Products
Compensation as of Fiscal Year 2014.

Elliott Management Corporation Key Developments

Dentsu Not In Talks To Acquire Interpublic Group

Tim Andree, Executive Vice President of Dentsu Aegis Network Ltd. said that Dentsu Inc. (TSE:4324) was not in talks with The Interpublic Group of Companies, Inc. (NYSE:IPG) or Elliott Management Corporation and added, "We have no interest in IPG. We will remain acquisitive but scale in and of itself is not a strategy."

Elliott Reportedly Seeks Sale Of IPG

Elliott Management Corporation has acquire 6.7% stake in The Interpublic Group of Companies, Inc. (NYSE:IPG) for $570 million to put The Interpublic Group of Companies up for sale, according to a person familiar with the situation. Elliott stated, IPG's shares are undervalued and represent an attractive investment opportunity." Elliott said it wants to engage in a constructive dialogue with the IPG’s Board of Directors to maximize shareholder value. McCann Worldgroup, Inc. and Draftfcb, Inc. are gearing up to push the IPG on the auction block, hoping to attract IPG's larger competitors as buyers, a source familiar with Elliott said. IPG shares went up by 1.5 percent at $20.15 on July 24, 2014. An IPG spokesman did not respond to a request to comment.

Bentham IMF Limited Enters into Co-Funding Arrangements and Joint Venture Arrangements with Elliott Management Corporation

The Board of Bentham IMF Limited announced that the company has entered into co-funding arrangements and joint venture arrangements with subsidiary entities of funds managed by Elliott Management Corporation. Asia Pacific Co-Funding Arrangements: IMF has agreed to offer Elliott the opportunity to jointly fund cases in Asia Pacific with an initial budget of more than AUD 8.5 million. If Elliott elects to co-fund a case, the parties have agreed to meet the funding costs of that case equally and in return they have agreed to share in any recoveries on an equal basis. In addition, IMF will receive a fee for case management services provided to Elliott in connection with the co-funded cases. IMF and Elliott will jointly guarantee their respective funding obligations to litigants (including adverse cost exposure). European Joint Venture: The joint venture will fund cases throughout Europe but primarily in the United Kingdom and the Netherlands. IMF's current expectation is for the joint venture to continue for an initial term of 5 years (subject to certain exceptions) and, thereafter, until such time as determined by the joint venture shareholders. Each of IMF and Elliott have agreed to provide half of the funding costs and operational expenses of Bentham Ventures B.V. and in return have agreed to share in the profits and losses on an equal basis. As shareholders, they will also have equal board nomination rights.

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