Sunday 19 November
Powered by Ajaxy
May 29, 2017 @ 10:51

A legendary hedge fund that raised $5 billion in 24 hours expects ‘all hell to break loose’

 

A hedge fund led by an investing legend expects “all hell to break loose.”

Billionaire Paul Singer’s Elliott Management, which raised $5 billion in less than 24 hours earlier this month, says it has been building up its cash reserve to deploy during future market turmoil.

The hedge fund has been sounding the alarm for some time. But its most recent letter sets out why the fund decided to raise additional funds.

Tags:

Related Stories
Hedge fund Elliott Management Corp., dissatisfied with Berkshire Hathaway's $9 billion deal to buy electricity-transmission
Paul Singer, the billionaire Jewish donor who led Republican opposition to Donald Trump, has reportedly
Bank of East Asia Ltd., the Hong Kong lender targeted by billionaire Paul Singer’s Elliott
Said to be America’s richest doctor, Los Angeles multibillionaire Patrick Soon-Shiong also is a medical


Read full Article here »

Trending News

Recommended on sister sites

Copyright © 2017 Bilyonaryo - bilyonaryo.com.ph.