One of the most senior figures in the London office of the feared American activist hedge fund Elliott is preparing to start his own firm.
Mark Levine, who left Elliott two years ago, is setting up Sargasso Partners, a London-based family office that will manage his personal wealth as well as that of other families.
The nascent firm, which has yet to start investing, will not pursue the type of activist strategies that Levine, 47, was famous for during his 23-year career at Elliott. Even so, it will mark a return to prominence for him.
Paul Singer founded Elliott Advisors in 1977
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Elliott was founded by Paul Singer, a lawyer, in 1977 and is one of the world’s most aggressive activist investors, building stakes in companies and agitating for change. Its campaigns