Activist Hedge Fund Elliott Hires Chief Operating Officer
ByElliott Management, the activist hedge fund run by Paul E.. Singer, has poached a top Citigroup executive to serve as its new chief operating officer, the firm announced in an internal memorandum on Friday.
The new executive, Zion Shohet, will oversee functions like relationships with trading partners, finance and accounting and both physical and cybersecurity, according to the memo, which was reviewed by DealBook.
The appointment is an infusion of new blood into Elliott, a roughly $25 billion firm that is known as one of the most prominent activist investors. The hedge fund has challenged both big companies like the EMC Corporation and, perhaps more famously, governments like that of Argentina…
Activist Hedge Fund Elliott Hires Chief Operating Officer
