Class B interests in Elliott Management's Elliott Associates fund returned 3.9% for the third quarter, while Class B interests in Elliott International gained 3.8%. Year to date, Elliott Associates is up 8.7%, while Elliott International has returned 8.5%.
Meanwhile, three-month Treasuries gained 1.4% for the third quarter and 4% year to date, while the S&P 500 with dividends reinvested has gained 5.9% and 22.1%, respectively. The Bloomberg U.S. Aggregate Bond Index rose 5.2% for the third quarter and has gained 4.4% year to date.
According to Elliott's third-quarter letter to investors, which was obtained by Hedge Fund Alpha, the firm's profitable sectors in Q3 included distressed and other debt, equity-oriented strategies, event and related-securities arbitrage, and portfolio volatility protection around gold, currencies, and interest rates.
On the other hand, commodities and portfolio volatility protection around credit and equities were unprofitable for Q3.
At the end of the third quarter, Elliott Associates and Elliott International had a combined $71.6 billion in assets under management.
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