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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Elliott Management paid UK staff average of £1.3m each in 2022

The founder and president of Elliott, Paul Singer
The founder and president of Elliott, Paul Singer. Photograph: Mike Blake/Reuters

The US hedge fund and notorious activist investor Elliott Management paid its 124 UK staff a combined £160m last year, after a 10% rise in annual profits.

The pay pot is higher than the £137m shared by employees the previous year, and comes after its UK operation, Elliott Advisors UK, reported pre-tax profits up by a tenth to £10m. Turnover for the firm, which made headlines after throwing its hat into the ring to buy Manchester United earlier this year, rose 16% to £225m.

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