The debate about whether the bear market has bottomed out continues, with Elliott Management joining the camp of those who don't believe the bottom has been reached yet.
In their recent letter to investors, which was obtained by ValueWalk, the Elliott Management team reported that their profitable sectors for the most recently completed quarter included distressed and other debt. The firm also turned a profit via its equity-oriented strategies, event arbitrage, related-securities arbitrage, commodities, and portfolio-volatility protection related to equity and currencies.
Q3 2022 hedge fund letters, conferences and more
On the other hand, Elliott Management's unprofitable sectors included its portfolio-volatility protection related to gold, credit, and...
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