Elliott’s UK assets include the Waterstones chain of bookshops. The company’s London office is managed by Gordon Singer, son of its founder, the billionaire Paul Singer.
Those to have also built up large positions during the reshuffle of Thames creditors also include Apollo Management, another of the world’s biggest players in the distressed debt arena.
Both Elliott and Apollo are part of a so-called steering committee that includes nearly 20 of the most influential lenders with the biggest exposure who will spearhead a restructuring plan.
This collective – billed as an “inner sanctum” by debt traders – also includes New York-based hedge fund DE Shaw, named after founder David E Shaw, a former Columbia University computer science professor. Last year, its two partners shared a £20m payout.
Others on the committee are Anchorage Capital, which netted a near-£2bn profit from betting that…
