The latest campaign for Wall Street hedge fund Elliott Management is a big one, taking on well-known American staple AT&T. The man in charge of pushing the massive company to make the changes the $38 billion fund sees fit is 39-year-old Jesse Cohn, billionaire Paul Singer’s right-hand man.
Other than Singer himself, Cohn is the person most responsible for the transformation of Elliott from a distressed situations specialist to the sprawling, institutional behemoth it is today, with a separate private equity arm and billions ready to be deployed for a new activist campaign.
Cohn’s tactics have ranged from shrewd to aggressive in the 100-plus campaigns the Long Island native has run for Singer.
Business Insider talked to more than two dozen of his colleagues, competitors, detractors, and friends, who said Elliott’s rise mimics Cohn’s own personal rise in the firm and in corporate America.
Sources tell Business Insider that Cohn, and Elliott’s activism as a whole, are transforming as the firm positions itself as a long-term investor.
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Jesse Cohn has been behind some of the ugliest shareholder tussles and boardroom battles in history during his 15 years at Paul Singer’s Elliott Management.
His strategy of …read more
Source:: Businessinsider – Finance