Paul Singer (businessman)

Paul Singer
Singer in 2013
Born
Paul Elliott Singer

(1944-08-22) August 22, 1944 (age 80)
Teaneck, New Jersey, U.S.
EducationUniversity of Rochester (BS)
Harvard University (JD)
Known forFounder, president, co-CEO, and co-CIO of Elliott Management
Political partyRepublican
Children2 sons

Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, and the founder, president, and co-CEO of Elliott Management.[1][2][3] As of March 2024, Forbes estimated his net worth at US$6.1 billion.[4] Fortune described Singer as one of the "smartest and toughest money managers" in the hedge fund industry.[5] A number of sources have branded him a vulture capitalist, largely on account of his role at Elliott Management, which is a vulture fund.[6][7][8][9] The Independent has described him as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts".[10]

Singer's Elliott Management has focused on activist campaigns, in which they take an equity stake in a company and agitate using influence and voting rights to encourage change, and they have also expanded into private equity.[11] Singer's political activities include financial support for LGBTQ rights.[6][12][13] He has provided funding to the Manhattan Institute for Policy Research,[5] is a strong opponent of raising taxes for the wealthiest 1 percent of taxpayers, such as himself, and opposes aspects of the Dodd-Frank Act.[5] Singer is active in Republican Party politics, and he and others affiliated with Elliott Management are collectively "the top source of contributions" to the National Republican Senatorial Committee.[14]

  1. ^ Guttman, Nathan (February 2, 2016). "Mega-donor Paul Singer Gives Sheldon Adelson a Run for His Money". Haaretz.
  2. ^ Johnson, Chris (October 31, 2015). "Major pro-LGBT Republican donor backs Rubio". Washington Blade. Archived from the original on April 4, 2019. Retrieved June 1, 2016.
  3. ^ Holmes, Frank (May 26, 2020). "You Can't Just Print More Gold". Forbes. Retrieved April 4, 2021.
  4. ^ "Forbes profile: Paul Singer". Forbes. Retrieved March 2, 2024.
  5. ^ a b c Cite error: The named reference kingmaker was invoked but never defined (see the help page).
  6. ^ a b Cite error: The named reference Fuller_2014 was invoked but never defined (see the help page).
  7. ^ Cite error: The named reference VultureJersey was invoked but never defined (see the help page).
  8. ^ Cite error: The named reference The Independent uk was invoked but never defined (see the help page).
  9. ^ Sheehan, Michael (November 15, 2011). "Vulture funds – the key players". The Guardian. Archived from the original on May 1, 2019. Retrieved June 10, 2012.
  10. ^ Cite error: The named reference independent20121123 was invoked but never defined (see the help page).
  11. ^ Sherman, Alex (June 14, 2020). "Hedge fund Elliott Management shifts to elephant hunting as fund size balloons". CNBC. Retrieved September 3, 2021.
  12. ^ Foley, Stephen (June 20, 2014). "Paul Singer, the hedge fund holdout". Financial Times. Archived from the original on April 27, 2016. Retrieved November 29, 2015.
  13. ^ Johnson, Chris (October 31, 2015). "Major pro-LGBT Republican donor backs Rubio". Washington Blade. Archived from the original on April 4, 2019. Retrieved November 29, 2015.
  14. ^ Cite error: The named reference nyt-gay was invoked but never defined (see the help page).