Elliott Acquires a Controlling Interest in Aeolus
Aeolus Capital Management Ltd. (“Aeolus”) today announced the closing of the previously announced proposed transaction between Aeolus and Elliott Management Corporation (“Elliott”) pursuant to which Elliott Associates, L.P. and Elliott International, L.P., two funds managed by Elliott, have acquired a controlling interest in Aeolus and its affiliated entities.
Elliott acquired its controlling interest from Peter Appel, founder of Aeolus, and Allied World Assurance Company (“Allied World”), an investor in Aeolus since December 2012. Mr. Appel has retained a significant minority interest in Aeolus and will serve as its Non-Executive Chairman. Allied World has also retained a minority interest and will continue to be a substantial capital provider to the investor vehicles managed by Aeolus. The Aeolus management team, led by Andrew Bernstein, Chris Grasso, Trevor Jones and Frank Fischer, will continue in their current roles and retain their entire equity ownership interest in the business.
Aeolus Capital Management Ltd. manages capital on behalf of investors seeking the superior risk adjusted returns and diversification benefits available from investing in the property catastrophe reinsurance and retrocession market. Aeolus is based in Bermuda, a global reinsurance market, and its capital providers include some of the most sophisticated investors in the world. Aeolus currently has approximately $3 billion of assets under management, and since its inception, Aeolus and its predecessor entity, Aeolus Reinsurance Ltd., have provided over $25 billion of capacity to the reinsurance and retrocession market.
Elliott Management Corporation manages two multi-strategy hedge funds which combined have approximately $30 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest hedge funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.
Information om Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Følg pressemeddelelser fra Business Wire
Skriv dig op her og modtag pressemeddelelser på mail. Indtast din mail, klik på abonner og følg instruktionerne i den udsendte mail.
Flere pressemeddelelser fra Business Wire
TX-SAILPOINT22.8.2018 07:03 | pressemeddelelse
SailPoint’s IdentityIQ Tames the Tsunami of Bots, Apps and Cloud Infrastructures
TX-SCHLUMBERGER21.8.2018 19:07 | pressemeddelelse
Schlumberger Announces Third-Quarter 2018 Results Conference Call
WA-AMAZON.COM21.8.2018 17:02 | pressemeddelelse
Amazon Game Studios Announces The Grand Tour Game
CA-ANDERSEN-TAX21.8.2018 15:32 | pressemeddelelse
Andersen Global Expands in Africa with Oliveira & Associados
TX-MAVENIR21.8.2018 15:02 | pressemeddelelse
Mavenir Introduces RCS Business Messaging Partner Program to Enable MNO’s A2P Revenue Growth
DYNACOR-GOLD-MINES21.8.2018 14:05 | pressemeddelelse
Dynacor Announces First Quarterly Dividend Payment
I vores nyhedsrum kan du læse alle vores pressemeddelelser, tilgå materiale i form af billeder og dokumenter, og finde vores kontaktoplysninger.Besøg vores nyhedsrum