Would he go so far as to describe his fellow hedge fund manager’s business tactics as hostage situation-esque? Yes, yes he would. Read more »
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 his money, has been very, very successful at infuriating people in Buenos Aires. Call it the “ship-seizing” strategy. Or, in this case, the “money-embezzled-by-Cristina-Kirchner’s-old-buddy-seizing” strategy. Read more »
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]
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. Read more »
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.
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 penalty imposed. Read more »
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. Read more »