Good signs for Milan’s mercato? At least there are for the Rossoneri’s owners, Elliott Management, as their counter-parts decreased their portfolios by 8% on average.
The current Milan owners, Elliott Management, a vulture fund, grew its portfolio by 3.6% in the first quarter of 2020 when the coronavirus struck club – and world – economies the hardest.
According to an article from Yahoo Finance, Elliott Management saw their international fund increase by 2.2% and their Elliott Associates Fund increased by 1.6% in the first quarter (January-March). A total increase of Elliott’s assets by 3.6%.
While 3.6% might not seem much, to put it into perspective the average hedge fund portfolio decreased by 8% throughout the same period. Noteworthy is also that the average activist fund, which Elliott is also categorised as, decreased by 33% in the first quarter.
Whether this affects Milan’s mercato is unknown. But a club’s owners increasing its’ assets whilst other club owners bleed money must be seen as positive.