Hedge fund manager Elliott Management has completed its acquisition of a majority stake in insurance-linked securities manager Aeolus, sister publication Trading Risk reported.
The two hedge funds managed by Elliott that have invested in Aeolus are Elliott Associates and Elliott International. The two vehicles have a combined $30bn of assets under management.
Allied World took a 20 percent stake in Aeolus four years ago and had allocated approximately $200mn to the manager's funds in 2016.
Aeolus founder Peter Appel and...
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