Elliott Investment Management L.P. has become a major player in the world of investments, managing more than $55 billion of assets. Its flagship fund, Elliott Associates, L.P., was founded in 1977 and has since grown into one of the world's largest and most successful investment management firms. The company is currently making headlines as it has recently unveiled a multibillion-dollar investment in Salesforce, and has also announced plans to provide financing for a bid to take over a famous football club.
In January, Elliott Management unveiled its multibillion-dollar investment in Salesforce, and the company said ValueAct Capital CEO Mason Morfit, who is a partner at Elliott Management, would join the Salesforce Board of Directors. This is a major move for Elliott Management, as Salesforce is one of the world's most valuable and influential tech companies.
In February, Elliott Management announced that it was planning to offer financing for a bid to take over a famed football club. It was later revealed that the club in question was Manchester United, one of the most iconic and successful teams in football history. Elliott Management is said to have offered to provide financing for an acquisition of the club, joining bids from Qatari Sheikh and Sir Jim Ratcliffe — Britain's richest man. If the bid is successful, Elliott Management would become a major investor in the club.