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Paul Singer : Founder of Elliott Management


Market Mavericks 30

Paul Singer is a prominent American hedge fund manager and activist investor known for his leadership at Elliott Management Corporation, one of the largest and most influential hedge funds in the world. Here is some information about Paul Singer:


Early Life and Education:

  • Paul Elliott Singer was born on August 22, 1944, in New York City, USA.

  • He earned his Bachelor of Science degree in Psychology from the University of Rochester in 1966.

  • Singer later attended Harvard Law School, where he received his J.D. in 1969.

Career:

  • In 1977, Singer founded Elliott Associates, L.P., the flagship hedge fund of Elliott Management Corporation. He started the fund with $1.3 million in capital, and it has since grown into one of the largest and most successful hedge funds globally.

  • Elliott Management is known for its distressed debt and activist investing strategies. The fund takes positions in distressed or undervalued companies and often seeks to bring about changes in the company's management or strategy to unlock shareholder value.

Activism and Notable Campaigns:

  • Singer and Elliott Management have been involved in numerous high-profile activist campaigns over the years. They have targeted various companies, including tech giants like Samsung, global financial institutions, and sovereign governments.

  • One of the most notable campaigns involved Argentina. Elliott Management held Argentine debt and engaged in a lengthy legal battle with the country, eventually leading to a settlement in 2016 where Argentina agreed to pay the fund and other bondholders over $2.4 billion.

Conclusion:

  • Paul Singer is recognized as a shrewd and influential figure in the world of finance, particularly in the realm of activist investing. His strategies and willingness to engage in legal battles with governments and corporations have made him a notable figure in the financial industry. Please verify any recent developments or changes in his career or activities since my knowledge is based on information available up to September 2021.

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