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Elliott Advisors cuts directors’ pay despite profit jump

The hedge fund’s directors received remuneration of £10.3m for the year ended 31 December, down £2.5m

Gordon Singer (left) and Paul Singer (right) of Elliott Investment Management have seen fees and profit jump at their UK affiliate, but the highest paid director at the entity has taken a haircut on pay
Gordon Singer (left) and Paul Singer (right) of Elliott Investment Management have seen fees and profit jump at their UK affiliate, but the highest paid director at the entity has taken a haircut on pay Photo: Getty Images

US-based hedge fund Elliott Investment Management’s UK affiliate Elliott Advisors cut directors’ pay despite double-digit profit gains last year.

Elliott Advisors made a £7.9m profit in 2022, up 14% on 2021, according to its latest accounts. Its turnover came in at £225m, up from £194m.

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