Paul singer elliott management
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Elliott Investment Management
American hedge fund
Elliott Investment Management L.P. is an American investment management firm. It is also one of the largest activist funds in the world.[4]
It is the management affiliate of American hedge funds Elliott Associates L.P. and Elliott International Limited. The Elliott Corporation was founded by Paul Singer, who is CEO of the management company, based in New York City. As of the first quarter of 2015, Elliott's portfolio is worth over $8 billion.[5][6]
By 2009, over a third “of Elliott's portfolio was concentrated in distressed securities, typically in the debt of bankrupt or near-bankrupt companies."[7][8][9][10][11]
In October 2020 Singer announced that his firm was relocating its headquarters to West Palm Beach, Florida.[12]
Overview
[edit]Singer created Elliott Associates in January 1977,[13] starting with $1.3 million fro
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Paul Singer's Elliott Management bets against Nvidia after calling it a 'bubble' and saying AI is 'overhyped'
- Elliott Management bet against Nvidia using put options gods quarter, filings show.
- Paul Singer's firm had "at least $600 million in downside exposure" to the chip maker, one analyst said.
- Elliott told clients last year that Nvidia was in a "bubble" and AI was "overhyped."
Elliott Management bet big against Nvidia after telling clients the chipmaker's stock was in a "bubble" and artificial intelligence was "overhyped."
Billionaire investor Paul Singer's firm bought put options gods quarter on 1.45 million Nvidia shares with a notional value of about $195 million as of December 31, a Securities and Exchange Commission filing revealed on Friday.
The activist-investing specialist also owned puts worth a notional $1.1 billion on the Invesco QQQ ETF, which tracks the Nasdaq-100 index. Moreover, it held puts worth a notional $4.2 billion on the SPD
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Paul Singer (businessman)
American businessman (born 1944)
Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, and the founder, president, and co-CEO of Elliott Management.[1][2][3] As of March 2024, Forbes estimated his net worth at US$6.1 billion.[4]Fortune described Singer as one of the "smartest and toughest money managers" in the hedge fund industry.[5] A number of sources have branded him a vulture capitalist, largely on account of his role at Elliott Management, which is a vulture fund.[6][7][8][9]The Independent has described him as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts".[10]
Singer's Elliott Management has focused on activist campaigns, in which they take an equity stake in a company and agitate using influence and voting rights to encourag