Elliot Management cashes in its shares

Following the pattern it has shown in previous investment actions, the investment firm that last winter turned Cabela's and Sidney’s world upside down has taken the money and run.

In a Securities and Exchange Commission (SEC) filing, New York hedge fund Elliot Management has sold more the half of it's six million Cabela's shares.

A “hedge fund” is defined as a limited partnership of investors that use high risk methods in hopes of realizing large capital gains.

Elliot Management serves as the management affiliate of American hedge funds flagship Elliott Associates L.P. and Elliott Internationa...