Paul Singer

Paul Singer

Paul Singer is the founder and CEO of hedge fund Elliott Management Corporation and The Paul E. Singer Family Foundation.
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Paul Singer's personal information overview.
home town
New York

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News
News about Paul Singer from around the web
Breakingviews TV: Actively anti-passive
Reuters.com - 7 months
Tom Buerkle and Richard Beales assess hedge-fund boss Paul Singer’s claim that index funds and ETFs are “devouring capitalism” and find his criticisms may have more to do with their low fees devouring his higher ones.
Article Link:
 Reuters.com article
Elliott proposes $18.5 billion Oncor deal to top Buffett - Reuters
Google News - 7 months
Reuters Elliott proposes $18.5 billion Oncor deal to top Buffett Reuters FILE PHOTO - Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake. By Jessica DiNapoli. Elliott Management Corp, the largest ... Buffett donates $3.17 bln to Gates charity, four othersCNBC Elliott Hedge Fund Seeks to Challenge Buffett's Bid for Energy CompanyNew York Times Warren Buffett Sets Personal Record, Donates Nearly $3.2 Billion In A Single DayForbes Fox Business -Fortune -CNNMoney -New York Post all 126 news articles »
Article Link:
 Google News article
Billionaires, Big Oil Flooded Mitch McConnell's Super PAC In Campaign's Final Weeks
Huffington Post - about 1 year
WASHINGTON ― Senate Leadership Fund, a super PAC run by former aides to Senate Majority Leader Mitch McConnell, raised an astonishing $39 million in the three weeks before the 2016 election, according to a report filed on Thursday. The huge injection of money helped backstop Senate Republicans and protect their majority on Election Day. The gigantic fundraising surge for the super PAC pushed its total above $100 million, making it one of the best-funded super PACs of the 2016 election cycle. The late contributions from usual suspects among Republican donors paid for advertisements that helped protect incumbent Sens. Pat Toomey (R-Pa.), Roy Blunt (R-Mo.), Marco Rubio (R-Fla.) and Richard Burr (R-N.C.) and elect newcomer Todd Young in Indiana. Many of those donors will have key interests in front of the next legislative session. Sheldon Adelson and his wife Miriam combined to give $15 million ― the largest donation to McConnell’s group. Adelson, the billionaire casino operator, ...
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 Huffington Post article
Senate Races Flooded With Never-Before-Seen Sums Of Super PAC Cash
Huffington Post - over 1 year
WASHINGTON ― Unprecedented spending by super PACs, dark money nonprofits and other outside groups is swamping Senate races as the battle to control the chamber that votes on Supreme Court nominees enters its final days. Outside group spending has surged past $490 million with four days still to go, surpassing the $400 million dropped on Senate races in 2014. The huge sums have overwhelmed candidates’ efforts, leaving them practically bit players in their own campaigns. In the seven races expected to decide control of the Senate, outside groups have already poured in more money than the candidates, according to a report by the campaign finance reform group Democracy 21. The key contests are being run in Florida, Indiana, Missouri, Nevada, New Hampshire, North Carolina and Pennsylvania. This is the new normal for campaigns in the post-Citizens United world. In 2010, the Supreme Court opened the door to unlimited electoral spending by corporations and unions so long as they re...
Article Link:
 Huffington Post article
Bernie Sanders Says This House Race Is The Most Important In The Country
Huffington Post - over 1 year
Bernie Sanders made a closing pitch for progressive icon Zephyr Teachout on Thursday, calling her House contest “the most important Congressional race in the country.” In a fundraising email sent to Teachout supporters, the Vermont senator cast Teachout’s campaign to replace outgoing Rep. Chris Gibson (R-N.Y.) as a battle between three super PAC billionaires and working people. “You have at least three billionaires, including Sheldon Adelson, pouring millions of dollars into super PACs to try and buy this seat in Congress,” Sanders wrote. “The super PAC funded by Adelson has spent more money attacking Zephyr than they have for any other candidate in the country. ... These billionaires know that she will fight in Congress to take on corruption, stop bad trade deals, and fight for working people.” Teachout, a Democrat who built her academic career studying political corruption and corporate monopolies, is locked in a very tight race with former New York State Assemblyman John...
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 Huffington Post article
Meet The New Face Of Bernie Sanders' Revolution
Huffington Post - over 1 year
When Sen. Bernie Sanders (I-Vt.) bid farewell to his presidential aspirations at the Democratic National Convention in the summer, he instructed his lefty legions to press on. He would not be occupying the White House, but the change his supporters believed in could still be achieved through persistent pressure on the Democratic Party. “Our revolution continues,” Sanders declared. “This election is not about, and has never been about, Hillary Clinton, or Donald Trump, or Bernie Sanders or any of the other candidates who sought the presidency … This election is about, and must be about, the needs of the American people.” Sanders was rejecting the idea that his campaign’s popularity had been due to the unique charismatic power of a 74-year-old Vermonter to entrance the millennial hordes. Instead, Sanders had given voice to a grassroots movement both unsatisfied with the political status quo and resistant to the thuggish white nationalism of Trump, he argued. The biggest test ...
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 Huffington Post article
Mossack Fonseca, el nuevo blanco de Paul Singer
Wall Street Journal - over 1 year
En un duro enfrentamiento en una corte de Nevada, EE.UU., NML Capital ha demandado a la firma panameña de abogados por obstrucción de justicia. NML es una unidad del gigante de fondos de cobertura Elliott Management, fundado por el multimillonario Paul Singer.
Article Link:
 Wall Street Journal article
UPDATE 3-Elliott Management takes stake in PulteGroup-CNBC
Reuters.com - over 1 year
June 7 (Reuters) - Elliott Management Corp, the hedge fund founded by billionaire Paul Singer, has taken a stake in U.S. homebuilder PulteGroup Inc, CNBC reported on Tuesday citing sources.
Article Link:
 Reuters.com article
Algunos fondos de cobertura obtendrían ganancias de hasta 900% con los bonos argentinos
Wall Street Journal - almost 2 years
Elliott Management, el fondo de cobertura de Paul Singer, obtendría un rendimiento de 392% sobre la inversión de capital, y otros hasta 900% en algunos bonos.
Article Link:
 Wall Street Journal article
GOP, You Can Not Wait -- The Three Reasons It Has to Be Kasich
Huffington Post - about 2 years
The Republicans need to rally around John Kasich and they need to do it now if they have any hope of winning the general election. There is no time to wait until things play out, because the way things look they will play out badly for the GOP. Badly for the presidential election and badly down the line. The Senate will be gone and the House will be at risk. How the Election Plays Out From Here: Trump and Cruz will split the anger vote, which seems to be just around 45 percent, but Trump will edge Cruz out. The three establishment candidates will continue to hit each other and split the electability vote. All except for Governor Kasich have the resources to fight for months. In state after state they will each get in double digits. No one has enough support to win, but most have enough support to stay in, hoping for a one-on-one battle. Thus we will probably go to the convention with Trump leading in delegates, but not having enough to secure the nomination, the ensuing fight wi...
Article Link:
 Huffington Post article
Democracy of the Billionaires
Huffington Post - about 2 years
The Most Expensive Election Ever Is A Billionaire's Playground (Except for Bernie Sanders) Cross-posted with TomDispatch.com Speaking of the need for citizen participation in our national politics in his final State of the Union address, President Obama said, “Our brand of democracy is hard.” A more accurate characterization might have been: “Our brand of democracy is cold hard cash.” Cash, mountains of it, is increasingly the necessary tool for presidential candidates. Several Powerball jackpots could already be fueled from the billions of dollars in contributions in play in election 2016. When considering the present donation season, however, the devil lies in the details, which is why the details follow. With three 2016 debates down and six more scheduled, the two fundraisers with the most surprising amount in common are Bernie Sanders and Donald Trump. Neither has billionaire-infused super PACs, but for vastly different reasons. Bernie has made it clear billionaires w...
Article Link:
 Huffington Post article
The GOP's Tax Warfare
Huffington Post - about 2 years
The discovery was startling -- since the millennium, middle-class whites are dying at sharply increased rates. The reasons are equally stunning. The primary killers are self-inflicted: drugs, alcohol, suicide. The victims are the least educated; the triggers are poor health and financial distress. Yet the mortality rate for blacks and Hispanics is declining; so, too, for comparable groups in other economically -- advanced countries. In short, a segment of once secure Americans is suffering an epidemic of shattered dreams. This, it seems clear, is death by class. How ironic, then, is the current Orwellian twist on the term "class warfare." In Marxian parlance, this connotes the struggle for economic and political power between capitalists and workers. But for the GOP it means only this -- opposing tax cuts for the rich. Thus the conservative echo chamber bewailed Obama's plan to let Bush-era tax cuts expire -- but only for the top earners -- as "full-throated class warfare," nothing ...
Article Link:
 Huffington Post article
The American Hunger Games: Top Republican Candidates Take Economic Policy Into the Wilderness
Huffington Post - about 2 years
Cross-posted with TomDispatch.com Fact: too many Republican candidates are clogging the political scene. Perhaps what’s needed is an American Hunger Games to cut the field to size. Each candidate could enter the wilderness with one weapon and one undocumented worker and see who wins. Unlike in the fictional Hunger Games for which contestants were plucked from 13 struggling, drab districts in the dystopian country of Panem, in the GOP version, everyone already lives in the Capitol. (Okay, Marco Rubio lives just outside it but is about to enter, and Donald Trump like some gilded President Snow inhabits a universe all his own with accommodations and ego to match.) The six candidates chosen here (based on composite polling) have remarkably similar, unoriginal, inequality-inducing, trickle-down economic recommendations for the country: reduce taxes (mostly on those who don’t need it), “grow” the economy like a sprouting weed, balance the budget by cutting as yet not-delineated social...
Article Link:
 Huffington Post article
The American Hunger Games: Top Republican Candidates Take Economic Policy Into the Wilderness
Huffington Post - about 2 years
Cross-posted with TomDispatch.com Fact: too many Republican candidates are clogging the political scene. Perhaps what’s needed is an American Hunger Games to cut the field to size. Each candidate could enter the wilderness with one weapon and one undocumented worker and see who wins. Unlike in the fictional Hunger Games for which contestants were plucked from 13 struggling, drab districts in the dystopian country of Panem, in the GOP version, everyone already lives in the Capitol. (Okay, Marco Rubio lives just outside it but is about to enter, and Donald Trump like some gilded President Snow inhabits a universe all his own with accommodations and ego to match.) The six candidates chosen here (based on composite polling) have remarkably similar, unoriginal, inequality-inducing, trickle-down economic recommendations for the country: reduce taxes (mostly on those who don’t need it), “grow” the economy like a sprouting weed, balance the budget by cutting as yet not-delineated social...
Article Link:
 Huffington Post article
Timeline
Learn about memorable moments in the evolution of Paul Singer
    LATE ADULTHOOD
  • 2016
    Age 71
    In 2016, Singer invested $500,000 in a PAC supporting John Faso, a Congressional candidate in New York's 19th congressional district opposing progressive candidate and Wall Street critic Zephyr Teachout.
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    During the 2016 Presidential election campaign Singer supported Marco Rubio and donated a million dollars in March to the Our Principles PAC-a PAC attempting to derail Donald Trump's election campaign.
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    In 2016, Singer partnered with the Museum of the Bible to fund Passages Israel, a program to take college students to Israel.
    In February 2016 Argentina reached an agreement with Singer that would only last until April 14, 2016.
    In 2016, Forbes rated Singer's net worth as $2.2 billion.
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  • 2015
    Age 70
    In 2015, Singer was 327th on the Forbes 400 list of richest Americans, 1006th among the world's billionaires, 350th of American billionaires, and the 16th highest earning hedge fund manager.
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    In 2015, Singer, Tim Gill and Daniel Loeb, helped fund Freedom For All Americans to promote LGBT issues in states and local communities in the United States.
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    In 2015, he supported Marco Rubio for the 2016 U.S. presidential election.
    In 2015, Forbes rated Singer's net worth as $2.1 billion, and $2.2 billion 2016.
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    In a long-standing dispute between Singer and members of the Lee family over a merger between Samsung and Cheil Industries, in 2015 Samsung published numerous depictions of Singer as an anthropomorphic vulture on its corporate website.
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  • 2014
    Age 69
    As of June 2014, Singer had donated an estimated $10 million for the gay rights movement.
    In 2014, Singer urged Republicans to pass the Employment Non-Discrimination Act.
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    In 2014, Singer led a group of major Republican donors to form the American Opportunity Alliance, a group that brings together wealthy Republican donors who share Singer’s support for LGBTQ rights, immigration reform and Israel.
    In response to the quote, The Washington Post writes in 2014 that "in Singer's view, he isn't just forcing indebted companies and countries to pay up.
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  • 2013
    Age 68
    Singer describes his business model as "a fight against charlatans who refuse to play by the market’s rules," and in 2013, Singer stated to Alpha Magazine that "we've made the point over and over again that sovereigns that could pay their debts and choose not to may be attempting to save some money but are harming their people and their economies by making investing in their countries more risky and more problematic and by discouraging foreign investment."
  • 2012
    Age 67
    His firm... is so influential that fear of its tactics helped shape the current 2012 Greek debt restructuring."
    For example, he rarely uses leverage to juice returns.” Thanks to his caution, by 2012 Elliott had "only two down years” since 1977, rising “4.2% in 2011, a year in which most hedge funds lost money.” Describing him as "one smartest and toughest money managers" in the hedge fund industry," the article further notes that "he’s achieved that returns record in large part by buying the debt of bankrupt companies and nations — a strategy that has earned him considerable opprobrium in some circles.
    According to Fortune, Singer focused from early times “on distressed assets,” buying up bankrupt firms' debt and acquiring “a reputation for strong-arming his way to profit.” Fortune noted in 2012 that losses sustained early in Singer's career led to a “risk aversion that still guides his investing today.
    On October 2, 2012 Singer arranged for a Ghanaian Court order to detain the Argentine naval training vessel in a Ghanaian port, with the vessel to be used as collateral in an effort to force Argentina to pay the debt. Refusing to pay, Argentina shortly thereafter regained control of the ship after its seizure was deemed illegal by the International Tribunal for the Law of the Sea. Alleging the incident lost Tema Harbour $7.6 million in lost revenue and unpaid docking fees, Ghana in 2012 was reportedly considering legal action against NML for the amount.
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  • 2011
    Age 66
    Singer, whose son married his fiance in Massachusetts, has also financially supported the legalization of gay marriage in New York, and Maryland. In 2011, this advocacy included, supporting legislation allowing same-sex marriage in the state of New York along with other GOP donors.
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    In 2011, Singer donated $1 million to Restore Our Future, a Super PAC (political action committee) created to support Mitt Romney, in the 2012 U.S. Presidential election.
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  • 2008
    Age 63
    President George W. Bush appointed Singer to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.
  • 2007
    Age 62
    In 2007, Singer was one of Rudolph Giuliani’s most important fundraisers in Giuliani’s bid for the Republican presidential nomination.
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    In 2007 the president of the Republic of Congo Denis Sassou-Nguesso accused Singer of undermining a United Nations backed effort to lift developing nations out of debt. "Our disputes have always been with sovereigns who can pay but refuse to do so," Singer wrote in an e-mail to The Nation.
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  • FIFTIES
  • 2004
    Age 59
    In 2004, then first deputy managing director of the International Monetary Fund Anne Osborn Krueger denounced the strategy, alleging that it has "undermined the entire structure of sovereign finance."
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  • THIRTIES
  • 1977
    Age 32
    In 1977, with a convertible arbitrage "winning formula," Singer left law to create his own investment company.
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  • TWENTIES
  • 1974
    Age 29
    In 1974, Singer went to work as an attorney in the real estate division of the investment bank Donaldson, Lufkin & Jenrette.
  • 1966
    Age 21
    He obtained his B.S. in psychology from the University of Rochester in year 1966 and a J.D. from Harvard Law School in 1969.
  • CHILDHOOD
  • 1944
    Born
    Paul Elliott Singer was born in 1944 in New Jersey, and grew up in a Jewish family, one of three children of a Manhattan pharmacist and a homemaker.
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