ELLIOTT HIRES BLACKSTONE EXEC TO HEAD AI PUSH

Sweeney will oversee Elliott's research and data science group, a critical function as the investment firm scales its AI infrastructure. Her background at Blackstone, one of the world's largest asset managers, positions her to implement data-driven strategies across Elliott's operations. The hire reflects a broader industry trend of asset managers competing for AI talent. Hedge funds and investment firms are increasingly investing in machine learning and data analytics to gain competitive advantages in market analysis and portfolio management. Elliott, founded by Paul Singer in 1977, manages approximately $80 billion in assets. The firm has historically focused on activism and event-driven investing, areas where advanced data analysis and AI can enhance research quality and decision-making speed. Sweeney's appointment underscores how traditional finance continues to prioritize AI expertise as the technology reshapes investment processes and market dynamics.