Elliott Lavishes UK Exec With Pay Package; Not So Generous With Tax Collector

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Mark Melin
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Updated on

Who says there is no inflation in Europe? Elliott Advisors, the UK division of the US hedge fund that forced Argentina to default on its sovereign debt, recently gave one of its top executives a year over year raise of more than 1,311 percent, the Guardian is reporting. Elliott’s unnamed executive paid $61 million An unnamed executive in the London office, which could be the son of billionaire hedge fund founder Paul Singer, was paid £38,119,707, or nearly $61 million, last year, according to public documents in the UK. Other directors who could have received the bounty include UK directors…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.