Hedge Crunch FinancialPaul Singer
Elliot Management Relocating to Florida
Activist investor Paul Singer has decided to move his $41 billion hedge fund manager to Florida, joining a growing number of investment companies looking to lower their state tax burden. Elliot Management will keep some office space in Manhattan, but his new headquarters will be in West Palm Beach. He will also open offices in […]
Bannon Vows to Bust Billionaire Republican Supporter Singer
According to a report from Axios, Steve Bannon, the ex-White House Chief Strategist and owner of ultra-right-wing Breitbart News, told President Donald Trump he was going to go “off the chain” to destroy Paul Singer. Singer is the head of hedge fund Elliot Management, and a major donor to Republican causes and candidates. This news […]
Tips from One of the Most Successful Hedge Funds
In a private First Quarter investor newsletter published by Elliot Management, five bits of advice are outlined. Billionaire Paul Singer founded the fund, which is now valued at about $33 billion. The statement says: “Some of these lessons needed to be actually experienced to be incorporated at a deep level in the decision making of […]
Republican PAC Attracts Hedge Fund Stars
According to a U.S. Federal Election Commission report two billionaire hedge fund managers gave substantial donations to a super-political action committee whose goal is to help elect republican candidates to Congress. The super-PAC, known as Ending Spending, was founded by Ameritrade’s Joe Ricketts, and taken over by his son Todd in 2013. President of Elliot […]
Paul Singer Seeking Shares in Tech Company worth $3 Billion Plus
Paul Singer’s Elliot Associates hedge fund began a bid to buy computer networking company Riverbed Technology for $19 per share for a total expenditure of $3.1 billion. Singer is a billionaire veteran activist investor whose Elliot Associates oversees about $23 billion. Observers speculate that this move is a sign of things to come, predicting that […]
Paul Singer Still Betting on Gold
Yes it’s true that in recent days gold has been losing value, but for many analysts, including Paul Singer of Elliot Management Corp, gold is still a good investment with the best store of value. Singer is the founder and president of Elliot, which has assets under management of more than $22 billion. And he […]
Hedge Funds and New York’s New Same-Sex Marriage Legislation
Hedge fund executives teamed up with New York’s recent same-sex marriage campaign, resulting in the new bill that was passed in the New York State Senate earlier this week. According to a report in the New York Time, several state Senate Republicans were urged to make same-sex marriage legal in the state by hedge fund […]