Who is Paul Singer?
He's an American hedge fund manager, investor and philanthropist, who owns Elliot Management Corporation.
Where have you heard about Paul Singer?
He's regularly makes headlines, such as in July 2017, Singer challenged Warren Buffet to a bidding war, offering to trump Berkshire Hathaway's $9 billion cash offer for bankrupt Energy Future Holdings Corp, Singer is also a prominent activist, supporting LGBTQ rights and the Republican party.
What you need to know about Paul Singer.
He's one of America's most successful businessmen, with personal net worth of $2.2 billion. He founded Elliot Management, one of the oldest hedge funds on Wall Street, in 1977. Singer and Elliot Management have courted controversy, being accused 'vulture capitalism' for buying very weak or defaulted debt, such as that of a sovereign country, before litigating to try and achieve higher returns than the purchasing price. In the past Singer has bought defaulted Peruvian and Argentinian debt, earning Elliot Management billions of dollars in profit by litigating against outstanding bond payments.