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Komfie Manalo, Opalesque Asia:

Paul Singer's activist hedge fund firm Elliott Management is ramping up its exposures in Europe as it looks for opportunities in the region by pushing management shake-up, merger deals, and company break-ups to provide more value for shareholders.

A review of Elliott's regulatory filings showed that eight of the 15 disclosed new position of the hedge funds over the last four months were focused in Europe, compared to three of eight during the same period last year, reports Reuters.

Chris Young of Telecom Italia (TIM), one of the company's Elliott is targeting to overhaul during last Friday's board meeting, commented on Singer's activities, "I think it's a concerted effort that there is too much money to be made here and (they're) not going to be deterred by the structural or cultural defenses (anymore). I think that Elliott - given their size, their relative aggressiveness versus other activists - are saying we've got the capital, we've got the patience that's necessary and we're going to try to now unlock Europe."

Incidentally, Young is not new to activist's aggressive positions as he used to work with companies that were on the receiving end of such campaigns when he was at Credit Suisse.

Separate data released by research group Activist Insight showed that Elliot......................

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