Report: Milan’s owners Elliott among world’s best hedge funds – $39.3bn in returns since 1977 | OneFootball

AC Milan’s owners Elliott Management are among the top 20 hedge funds in terms of the returns they got in the calendar year of 2021, a report claims.

The US-based Elliott took control of Milan back in 2018 when Yonghong Li defaulted on the repayment of loans used to buy the club a year previously, and it immediately became apparent that the Singer-led fund were very wealthy and have injected a lot of capital into the club with the mission of eradicating debts and improving the health of the accounts.

According to the ranking drawn up by LCH Investments and reported by the Financial Times (via Calcio e Finanza), the two hedge funds that are top of 2021 ranking are Ken Griffin’s Citadel and Sir Christopher Hohn’s TCI, with $9.5bn and $8.2bn in earnings for their investors respectively.

Overall, the top 20 funds made total earnings of $65.4bn over the past year amid the pandemic which is quite remarkable, while Elliott are in there too given they made $6bn in 2021 compared to around $5bn in 2020.

This brings the accumulative net gains close to $40bn since the date of the creation of the fund by Paul Singer in 1977, putting Elliott in the top 10 of funds for earnings since creation:

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