Skip to content
Subscriber Only

Former Elliott Executive Tuil to Start New Activist Hedge Fund

Video player cover image
How Activist Investor Paul Singer Made His Billions

Former Elliott Management Corp. executive Franck Tuil plans to start a new activist hedge fund, Sparta Capital Management, later this year that will invest in public and private companies around the globe, with a particular focus on Europe, according to people familiar with the matter.

Tuil, who left Elliott last year, aims to launch Sparta Capital in the third quarter with more than $600 million in assets under management, the people said, asking not to be identified because the details aren’t public. In addition to being an activist fund, Sparta Capital will also adopt a similar set of strategies that Tuil oversaw at Elliott on a smaller scale, including investing across the capital structure in both equities and credit, the people said.