Paul Singer

  • Barely containing himself.

    Hedge Funds

    Somewhere On West 57th Street, A Billionaire Is Laughing

    His name is Paul and today, the day President Cristina Kirchner has been charged with doing a very bad thing, is the greatest day of his life.

    / Feb 13, 2015 at 4:07 PM
  • File photo of Axel Kicillof, then Argentina's deputy economy minister, speaking during a news conference in Buenos Aires

    Hedge Funds

    Expired Debt Clause Still Alive And Well In Argentine Economy Minister’s Head

    Related: it won’t be meeting any of the holdouts’ demands any time soon.

    / Feb 11, 2015 at 2:59 PM
  • Whatever.

    Hedge Funds

    Paul Singer Feeling Philosophical About Argentina

    “Maybe this is the year that our Argentina situation gets resolved, and maybe it is not.”

    / Feb 9, 2015 at 1:08 PM
  • "You talk funny. I can't understand you."

    News

    Paul Singer Can’t Wait To Write Next Investor Letter

    Short of having his arch-nemesis—Argentine President Cristina Kirchner—show up at his apartment on her knees in a sackcloth, carrying a letter of resignation and certified check for $1.7 billion, this week could hardly have gone better for Elliott Management’s Paul Singer, thanks to El Presidente.

    / Feb 5, 2015 at 2:16 PM
  • Hedge Funds

    Here Are Some Things That Paul Singer Thinks Suck

    Our friends over at DealBook yesterday gave the Elliott Management chief an audience and a microphone, which means that Paul Singer did what he does when he gets an audience and a microphone: Give his enemies a piece of his mind. The Fed? A bunch of self-important “enablers” with a martyr complex. CalPERS? Doesn’t know […]

    / Dec 12, 2014 at 1:14 PM
  • Hedge Funds

    Paul Singer Keeping Busy This Week

    In addition to what we can only assume was the wild celebration at Chez Singer on Tuesday night, and into yesterday morning, the Elliott Management chief is finding time for lots of things this week. Like, for instance, in-depth analysis of the reaction to the Ebola virus epidemic, and his continuing search for something of […]

    / Nov 6, 2014 at 1:57 PM
  • Hedge Funds

    Global Ebola Response Confirms Everything Paul Singer Has Always Thought About The People Who Run Things

    The Elliott Management is feeling extra grumpy about things, and not just because thousands of Africans are dying.

    / Nov 5, 2014 at 3:24 PM
  • News

    Argentina Thinking About Drunk-Dialing Paul Singer On New Year’s

    Argentina’s economy minister has bad news for those of us enjoying every minute of the country’s ridiculous default: It’ll probably be over next year, when “the instruments that the vulture funds have used for extortion,” a.k.a. the bludgeon Argentina gave them with which to hit it, a.k.a. the rights against future offers clause whose violation […]

    / Nov 5, 2014 at 2:30 PM
  • Hedge Funds

    Madeleine Albright Takes Fall For Paul Singer’s Speak Softly/Big Stick Snafu

    Paul Singer had an idea a while back: Let’s come up with a plan to destroy Argentina even more than we already have, have an elder stateswoman and a Spanish-speaking former U.S. Cabinet member transmit the threat, and watch Cristina Kirchner crawl to the negotiating table, $1.6 billion in tow. Well, things didn’t work out […]

    / Oct 16, 2014 at 12:50 PM
  • Hedge Funds

    The Curse Of Cristina Kirchner?

    We don’t know if Paul Singer believes in karma or what-goes-around-comes-around or South American witchcraft. What we do know is that immediately after forcing Argentina into default, his hedge fund’s worst month in five years dawned. Oh yea, by the way? Paul Singer’s worst month in five years was a 0.8% drawdown. So he’s probably […]

    / Sep 10, 2014 at 4:03 PM
  • kyle bass

    News

    Kyle Bass Not Entirely Thrilled With Paul Singer At The Moment

    Would he go so far as to describe his fellow hedge fund manager’s business tactics as hostage situation-esque? Yes, yes he would.

    / Aug 28, 2014 at 1:58 PM
  • Found anything yet?

    News

    Paul Singer Will Comb The Desert (For Embezzled Argentine Assets)

    So it seems—surprise, surprise!—that Argentina hasn’t really been all that serious about trying to strike a deal with Paul Singer, and that the world’s banks aren’t especially interested in absorbing much risk to curry favor with President Cristina Kirchner. So Singer’s going back to a strategy that, while unsuccessful in actually getting him any of […]

    / Aug 14, 2014 at 12:30 PM
  • paul singer

    it's so great that we can laugh about these things

    Paul Singer Has A Sense Of Humor About The Country He’s Nailing To The Wall

    Maybe he smiles inside. There are signs now and then that he might enjoy a kind of humor. At this year’s World Cup, according to a colleague, as the Argentine national team made its glorious push and its country teetered toward default, Singer was there, in the stadium. He was wearing an Argentina jersey. [BusinessWeek]

    / Aug 7, 2014 at 2:50 PM
  • I'm not happy about it, but fine. Let them in.

    News

    Argentina Decides Talking To Paul Singer Maybe Not Worse Than Defaulting At Midnight

    Argentina is lacking in many things: Sufficient reserves to pay its bills, for one. International goodwill, for another. The patience of a certain very important federal judge. Goals in the World Cup. But Argentina is also a very rich country: Rich in beef, in the fruit of the vine, in natural resources, and, perhaps above […]

    / Jul 30, 2014 at 12:11 PM
  • Hedge Funds

    Paul Singer Finding Ways To Spend His Time That Don’t Involve Uniquely Recalcitrant Debtors

    If Argentina doesn’t want to sit down with the Elliott Management founder and vulture-investor-in-chief, that’s OK. EMC Corp. can’t wait to hear from him about how its “federation strategy” is a total disaster than that it should sell its most successful business.

    / Jul 22, 2014 at 4:00 PM
  • News

    Surprise: Argentina Has A Caveat!

    The uniquely recalcitrant debtor is happy—eager, even—to chat with Paul Singer and friends about resolving their little situation, Economy Minister Axel Kicillof says. Not eager enough for Kicillof to stick around for a couple of days to chat, but all the same. Oh yea, and one more thing: Ignore all of the above if a […]

    / Jun 26, 2014 at 12:48 PM
  • Hedge Funds

    Paul Singer Was Not As Allowed To Buy, Sell French Stock As He Thought He Was

    After more than a year of chewing on the evidence and letting the charges marinate in their minds, the people who make such decisions at France’s Autorité des Marchés Financiers have decided, oui, Elliott Associates did something wrong when buying and then selling shares of a French highway. But not that wrong, judging by the […]

    / May 5, 2014 at 2:29 PM
  • Hedge Funds

    Paul Singer Wrote A Letter

    Surprise! It’s a bitter and angry missive filled with recriminations against those who have wronged Singer and right-thinking men like him. But don’t think that all of this misfortune (Elliott up a paltry 2.5% in the first quarter) prevents this billionaire from a little levity, albeit bitter, angry and recriminatory levity.

    / Apr 30, 2014 at 12:53 PM
  • Hedge Funds

    Paul Singer’s Guilty Pleasure

    Derivatives may be imperiling global stability and undermining society, but the Elliott Management chief just can’t help himself.

    / Jan 23, 2014 at 3:13 PM
  • Paul-Singer2

    News

    Paul Singer Did Pretty Okay For Himself Last Month

    Elliott performance.

    / Sep 9, 2013 at 2:57 PM
  • Hedge Funds

    Paul Singer Haggles A Third Hess Board Seat

    A promise to seat two of its board candidates after Elliott Management voted for its own five was insulting. A promise to seat three under the same circumstances? That’s a compromise Paul Singer can embrace.

    / May 16, 2013 at 4:37 PM
  • Hedge Funds

    Paul Singer Is Feeling Magnanimous In Pre-Victory

    Appreciative as he is of Hess’ generous offer to seat two of his five board nominees after he votes for Hess’ own five, Paul Singer rather contemptuously declines. But, even though he’s quite sure he’s the one holding the cards at Thursday’s shareholder confab, he wouldn’t want you to think him unreasonable, so he’s got […]

    / May 14, 2013 at 1:18 PM
  • Hedge Funds

    Paul Singer Will Be Vindicated—By Gold

    Paul Singer is pissed that gold keeps losing money—his money—and, like John Paulson, he’s mystified that people have temporarily lost some of their attraction to shiny objects. That said, Paul Singer, who is worried about many things, namely that this country is going to hell in a handbasket, is not worried about gold. Not one […]

    / May 3, 2013 at 2:01 PM
  • Key Speakers At The SALT Conference

    News

    Paul Singer Is In A Generous Mood Today

    The panel– moderated by Morgan Stanley’s chief US economist, Vincent Reinhart, and featuring Jeff Vinik of Vinik Asset Management, Ken Ebberts of Goldman Sachs Investment Partners, Michael Novogratz of Fortress Investment Group, and Rob Citrone of Discovery Capital Management– was asked to grade Ben Bernanke. Everyone on the panel gave the Federal Reserve Chairman an […]

    / Jan 29, 2013 at 3:51 PM
  • You said it, Paul, not me.

    Banks

    Bank Investors Push For Change Via Strongly Worded Poll Responses

    I feel like this exchange did not go well for Jamie Dimon: [Elliott Capital’s Paul] Singer said the unfathomable nature of banks’ public accounts made it impossible to know which were “actually risky or sound”. … Mr Singer noted that derivatives positions, in particular, were difficult for outside investors to parse and worried that banks […]

    / Jan 23, 2013 at 1:32 PM
  • julianrobertson3

    News

    On Second Thought, Some Republican Money Managers Don’t Really Like Partying on Tuesdays

    According to a report by Reuters, some Romney supporters in the financial community will be having a more enjoyable evening tonight than others. In one corner you have those who will be partying (Julian Robertson, Paul Singer, Anthony Scaramucci and other top Romney donors have been invited to attend a soirée at the Westin Boston; John Paulson is throwing a small get-together at his Upper East Side townhouse; and “less prominent Wall Street fundraisers will be gathering at Brinkley’s Station, a bar and restaurant” on East 60th Street that serves “a $23.75 lobster club sandwich and $12 Bloody Marys”). In the other you have those who will be spending the night punishing themselves and telling anyone who calls, “I don’t deserve to have fun.”

    Like Jason Ader, who told Reuters that although he was originally going to party his face off in Vegas, circa 7PM tonight you’ll find him pulling the lever at his polling station and telling his kids, through tears, “This is what it’s like to vote for a looooser.”

    Money manager Jason Ader, who gained prominence as a Wall Street gaming analyst and is backing Romney, had been planning to travel to Las Vegas for an election night “watch party” at the Venetian Resort Hotel Casino. But in the aftermath of Sandy, Ader says he has decided to stay home. The manager of Ader Investment Management, which provides funding to small hedge funds, “will vote and watch at home with my young kids and educate them about the process and the returns,” he said.

    And David Hinman who’s going to kick things off by swallowing the key to the fridge that houses his $21,000 bottle of 1928 Krug and then drawing the blinds shortly after nightfall and sleeping on the floor in a hair shirt.

    David Hinman, chief investment officer of SW Asset Management, a Newport Beach, California-based investment firm, said in an email: “100 percent Obama wins; no reason to party.”

    Romney’s hedge-fund backers plan to party on election night [Reuters]

    / Nov 6, 2012 at 5:11 PM
  • News

    Hedge Fund Manager Paul Singer Thinks Paul Ryan Chris Christie Mitt Romney, His First Second Last Choice For The Ticket, Would Make A Great President

    Anyone but you know who.

    Paul Singer, a prominent hedge-fund manager, has employed many tactics in seeking to ensure a Republican victory in November…he approached Rep. Paul Ryan and offered to back him in a presidential bid. When Mr. Ryan demurred, Mr. Singer’s support helped him emerge as the vice-presidential nominee, people close to the matter said…Mr. Singer has warmed up to Mr. Romney though he didn’t support his run for president in 2008 and last year pushed…New Jersey Gov. Chris Christie to run. “As I have gotten to know Mitt I have become increasingly of the view that he will make a very fine president,” Mr. Singer said in a rare interview.

    Wall Street’s Paul Singer Makes His Influence Felt [WSJ]
    Related: Meet The Draft Christie For President Committee

    / Aug 28, 2012 at 4:12 PM
  • News

    Area Hedge Fund Manager Wonders Why He Bothers Putting Up With This Crap Anymore

    As has become a regular feature of his quarterly letters, Singer criticized the Obama administration, condemning the White House for proposed tax increases on the top tax bracket, and “its tone of hostility toward business, and boosting the unreviewable discretion of regulators.” For the hedge fund manager, who has been trading under the Elliott banner […]

    / Aug 8, 2012 at 5:58 PM

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