Elliott Management Hires Blackstone Exec for AI

Elliott Investment Management, an $80 billion hedge fund, has significantly bolstered its artificial intelligence capabilities by hiring Teresa Sweeney. Sweeney previously held a key role at Blackstone Inc., where she managed significant research and data science operations. Her move to Elliott signals a strategic push by the firm to enhance its data-driven investment strategies and leverage advanced AI technologies within its global research division. This appointment underscores the growing trend of traditional financial institutions investing heavily in AI talent to gain a competitive edge in the market.