Paul Elliott Singer of Elliott Associates, LP
July 2014 Bloomberg article entitled “Elliott Calls on Argentina to Negotiate Accord on Bonds”
April 2014 Bloomberg article entitled “Billionaire Hedge Fund Leaders Join Ricketts’s Super-PAC”
April 2014 Reuters article entitled “French regulator considers fining Elliott arm $55 million: reports”
February 2014 Reuters article entitled “Juniper Networks bows to Elliott’s demands”
February 2014 Reuters article entitled “Elliott readies own director slate as Juniper finalizes turnaround plan -sources”
January 2014 Mining article entitled “Hedge fund veteran’s belief in gold unshaken”
January 2014 Bloomberg article entitled “Elliott Rejects Gramercy’s Argentina Proposal as a ‘Stunt’”
January 2014 Reuters article entitled “Hedge fund Elliott raises Celesio stake to 24.08 percent”
January 2014 Reuters article entitled “Riverbed’s rejection of offer puts focus on turnaround”
January 2014 Reuters article entitled “Hedge fund Elliott offers to buy Riverbed, higher bid expected”
January 2014 Reuters article entitled “Elliott Associates hedge fund returns 12.4 percent in 2013″
June 2013 Reuters article entitled “Hess, Newfield launch sale of $3 bln of Asian assets”
May 2013 Opalesque article entitled “The Growing Concern As Stocks Race to New Highs”
May 2013 Forbes article entitled “John Hess Saves Face In Last-Minute Truce With Elliott Management”
May 2013 Institutional Investors Alpha article entitled “The Morning Brief: Hess and Elliott Call a Truce; Tepper’s Still Bullish”
May 2013 Reuters article entitled “Hess offers hedge fund two board seats but is rejected”
May 2013 Forex Live article entitled “Elliott Associates Paul Singer: Monetary stimulus causing a distorted recovery”
2013 Insider Monkey Bio, Returns, Net Worth
January 201 The Street post entitled “Icahn, Elliott Associates and Other Investors Drill for Oil and Gas Deals”
January 2013 Business Insider article entitled “The Hedge Fund Manager That Impounded Argentina’s Ship Is Now Going To War With Hess — Here’s His Thesis On The Company”
January 2013 Business Insider article entitled “Hedge Funder Paul Singer Went Ballistic On Argentina In His Q4 Investor Letter”
October 2012 Financial Times article entitled “Singer banks on the full force of law”
May 2012 NY Times Dealbook article entitled “For Elliott Management’s Singer, Success Lies in Humility”
March 2012 CNN Money article entitled “Mitt Romney’s hedge fund kingmaker”
A February 2009 company profile writes, “Elliott means action: Hedge fund firm Elliott Management takes an activist approach to investing, frequently amassing significant but minority stakes in distressed or under performing companies and attempting to foment change. It manages hedge funds Elliott Associates and Elliott International, which together manage some $10 billion of capital for large institutional investors and wealthy individuals and families. Elliott Associates invests in corporate, real estate, and sovereign debt, with investments in North America, Asia, and Europe. Founded by Paul Singer[Listed as Founder & Principal] in 1977, Elliott Associates is one of the oldest hedge funds under continuous management.”
A February 2009 article reveals that Elliott Management told investors, through its quarterly letter, that it had purchased promissory notes from Marc Dreier, was indicted on January 30 on securities fraud, conspiracy and wire fraud for lying to hedge funds and investments funds. The SEC filed a civil lawsuit against Dreier, saying he raised at least $113 million by marketing fake promissory notes to hedge funds and other private funds.
A February 2009 article reveals that Epicor Software Corp. had recently fended off a hostile takeover bid by Elliott Associates LP that dragged on for two months. Earlier articles reveal that Elliott offered to buy Epicor for $7.50 a share, which valued the company at about $450 million. With this year’s slump in Epicor shares, that was enough for some: About a quarter of Epicor’s stockholders sold roughly 14.4 million shares to Elliott before the hedge fund bowed out. Another article writes, “Hedge fund Elliott Associates LP ended its hostile takeover bid for Epicor Software Corp. after the business software maker’s board backed its view that stockholders should reject the “highly conditional” offer, and shares of Epicor slumped to a five-year low.”
A January 2009 letter from Elliott to its investors addressing the Drier Fraud writes, “There are many reasons why funds lose money, but being defrauded is among the most embarrassing and annoying,” Elliott said in the letter. “We continue to adapt our processes to keep several steps ahead of fraudsters, and we maintain an attitude of probing skepticism. But sometimes we get hooked, as in the Dreier case.”
An October 2008 article reveals that The third-largest campaign donor for Sen. Mitch McConnell, R-Ky., is a $14 billion New York City hedge-fund firm led by a man — nicknamed “the Vulture” — who squeezes distressed companies and countries for their last dollars, and who boasted that the current U.S. economic crisis is “the opportunity of a lifetime.”
Paul E . Singer and his employees at Elliott Management gave $87,500 to McConnell’s campaign as of June 30, according to the non-partisan Center for Responsive Politics. They gave at least $66,000 more to McConnell’s political-action committee, called Bluegrass PAC.
In September 2008, a US court ruled that one of the largest and most experienced holdout funds, Elliott Management, could attach assets from the state-owned Banco de la Nacion as payment for the money it is owed, because the government used the bank so extensively as a policy tool that it was legally an ‘alter ego’ for the sovereign. If Elliott is successful in a similar case involving the Argentine central bank, this could have wider ramifications for the country’s financial policy.
February 2008 Bloomberg Markets article entitled “The Opportunist”
Paul E. Singer, a former corporate lawyer, is “the founding partner of Elliott Associates, a $7 billion hedge fund with a conservative, risk-averse bias that has been in business since 1977, making it one of the oldest funds around. A reserved, private man who would answer questions only via e-mail, Mr. Singer is a self-described conservative libertarian who has given millions of dollars to Republican organizations that emphasize a strong military and support Israel.”
An Internet profile f Mr. Singer reveals he is a board member with the Republican Jewish Coalition, the Jewish Institute for National Security Affairs, and a Trustee at the Manhattan Institute.
November 2007 – But this year Mr. Singer became one of the biggest supporters of Rudolph W. Giuliani’s presidential campaign, making his jet available to Mr. Giuliani, while Mr. Singer and workers at his companies have donated $200,000 to the campaign. And he became the largest individual backer of a California ballot initiative that many Democrats believe could sink their chances of winning the presidency.
A September 2007 article writes, “Remember the latest Republican election scam? The one where they were going to hold a referendum to eliminate winner-take-all in California only, so whichever districts were still voting for Kool-Aid would throw the election to a Republican in the electoral college?* Turns out the winger billionaire who was secretly funding the scam was a Giuliani supporter! LA Times:
A confidant of Republican presidential contender Rudolph W. Giuliani, and one of the candidate’s biggest donors, was the source of a mystery $175,000 donation to a stalled initiative proposal seen as an attempt to help the GOP win a portion of California’s 55 electoral votes.
New York hedge fund billionaire Paul E. Singer issued a statement Friday acknowledging that he gave the six-figure gift, ending speculation over its secrecy and fanning criticism of the Giuliani campaign.”
March 2007 – Among vulture funds, “the biggest is Elliott Associates, a hedge fund based in the U.S. and owned by Paul Singer, a billionaire businessman.”
Elliott Associates is a $9.8 billion New York-based hedge fund founded by Paul Singer. The fund has beaten the S&P 500 for 30 years.
According to Bloomberg, since its launch in 1977, the fund has returned 14.7% a year after fees.
A May 2005 article announces Elliott Advisors opened its Hong Kong office at the start of 2005 and won its licensing to advise on securities and asset management on March 8.
>New York-based hedge fund Elliott Associates has stepped into a court
>battle in Australia, squaring off with the National Australia Bank.
>An Elliott Associates subsidiary, Portsmouth Partners, has bought a
>stake in Idoport, which is locked in a legal dispute with the NAB and
>its subsidiary National Markets Group Ltd.
>The injection of funds into Sydney-based Idoport has allowed the company
>to initiate fresh legal proceedings against NAB and its subsidiary
July 2003 – Elliott Associates is claiming victory in its legal tussle with Samsung Electronics over converting its preferred stock. It says it has won a decision in a South Korean court that will force Samsung to allow it to swap its 4 million preferred shares into common stock.
In May 2003 Liverpool Ltd Partnership, a fund manager associated with Elliott asked the SEC to block a proposed merger between Telecom Italia and Olivetti.
Highberry, a distressed debt hedge fund of Elliott’s, lost a battle to liquidate Telecom Group.
Elliott filed a complaint against Samsung Electronics in 2002 over a stock clause.
A November 2001 article reveals that Hedge fund Elliott Associates L.P. paid $11 million in 1996 on the secondary debt market to buy $20 million of Peru’s sovereign debt and then sued for full repayment plus capitalized interest. The US Federal Court of Appeal ruled in its favor and it received $58 million from the impoverished South American country on October 7, a $47 million profit.
April 2001 – New York-based hedge fund Elliott Associates is leading a stockholder revolt that is forcing Telecom Italia chairman Roberto Colaninno to improve his savings share conversion plan. Instead of a straight buyback at a good premium, Colaninno had proposed that savings shareholders convert their shares into ordinaries at a one-for-one rate after paying an additional Eu6.25 ($5.52) per share, or 48 percent of a share’s value. The conversion was designed to raise around Eu10 billion, which Colaninno would then utilize to buy back 10 percent of Telecom Italia ordinary shares at approximately Eu3.88 more than the then-current share price. However, Elliott Associates, which owns approximately Eu50 million worth of savings shares, has decided to fight against the conversion offer until Colaninno agrees to reduce the cash premium to 30 percent.
January 2001 – Elliott Associates L.P.: Metromedia Holders Continue To Gripe: With Its Stock 78% Off Its 52-week High, It’s No Wonder Holders Moan.(management strategy)
Elliott Associates and Westgate International , two holders in John Kluge’s Metromedia International Group Inc. have made new filings betraying further mistrust in, and frustration with, management.
A December 2000 article provides details on the lawsuit Elliott and Westgate filed against Covance Inc. The case involved allegations of securities fraud and violations of the Securities and Exchange Act. The article reveals that the complaint was dismissed in December of 2000, however litigation record indicate there may have been an additional action in April of 2001(See Litigation Summary Above).
March 2000 – About Elliott Associates, L.P.
Elliott Associates, L.P., a New York hedge fund, and its offshore sister fund, Westgate International Limited, represent one of the oldest and most stable hedge fund groups. Elliott was formed in 1977 with $1 million of capital, and Westgate was formed in late 1994 with $80 million of capital. The two funds now have more than $1 billion of capital
In 1998 Elliott led a shareholder revolt to replace Dayton Mining Corp’s board of directors with its own, handpicked members.
In 1996 Elliott Associates paid $11 million on the secondary debt market for $20 million worth of Peru’s sovereign debt. The company later sued Peru for repayment plus interest. The US Court of Appeals handed down a judgment of $58 million in favor of Elliott. A Latin American campaign denounced Elliott for picking the bones of the Peruvian economy.
Media research reveals that Westgate, Hambledon, Martley, Braxton, Manchester, & Stonington are all subsidiaries, affiliates, or prior names, of the greater Elliot Group. Other records indicate address, contact information, and the presence of John Elliott Singer is common to all these companies.