Hedge fund Elliott drops request to probe magazine

NEW YORK, Aug 31 (BestGrowthStock) – Hedge fund Elliott Management
Corp has dropped its court bid to investigate who leaked one of
its investor reports to an industry magazine.

In court documents filed on Tuesday in New York State
Court, Elliott said it would voluntarily discontinue its
request for an emergency court order to find out how the
magazine, Absolute Return + Alpha, had obtained its
confidential June 30 letter to investors. [ID:nN1996564]

“Elliott Management Corporation today withdrew its petition
seeking discovery from Absolute Return+Alpha because
developments since the application was filed made the discovery
unnecessary,” spokesman Scott Tagliarino said in an emailed
statement.

Elliott is run by Paul Singer and specializes in distressed
investing.
(Reporting by Emily Chasan, editing by Matthew Lewis)

Hedge fund Elliott drops request to probe magazine