Paul Singer
Paul Singer
Paul Elliott Singeris an American hedge fund manager, activist investor, and philanthropist. His hedge fund, Elliott Management Corporation—specializes in distressed debt acquisitions.:301 Singer is also the founder and CEO of NML Capital Limited, a Cayman Islands-based offshore unit of Elliott Management Corporation. In 2015, Forbes rated Singer's net worth as $2.1 billion...
NationalityAmerican
ProfessionBusinessman
Date of Birth22 August 1944
CountryUnited States of America
complex entities global granted leverage sufficient threaten trade
Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.
welcome embrace complexity
You have got to welcome and embrace complexity.
I've never let my guard down by saying, 'I don't need to be hedged.'
bear career investor living major market money name point run seen starting time true
The starting point of my career in money management in 1973-74 was the time of the only true bear market any living non-Japanese investor has seen in major markets. Equities, real estate, you name it, everyone got run over.
among harsh people
There's a feeling among some people that the Republican party is harsh on some things.
instrument planet process ratings review thorough undergo zero
Credit ratings and risk weightings must undergo a thorough process of review and revision. No security or instrument on the planet should have a zero risk weighting.
people
I know people who are always freeriders and will never get into a fight.
consistent fee given money structures typical
Given the typical fee structures of hedge funds, they need to do something different to make money in a consistent way.
absolutely dollar
What would a loss of confidence in the dollar actually look like? Gold going absolutely nuts.
levels
Opacity on extreme levels is not addressed anywhere, including Dodd-Frank.
america barrier family freedom job provide
America is a place where the freedom to be who you are shouldn't be a barrier to your ability to get a job and provide for your family.
banks customers including marked owns people properly sovereigns system
What I think about derivatives is if every institution that owns or trades them is properly margined and marked to market, including end-users, including every institution, including sovereigns and multilateral institutions, then the system would be safe - if people were margined the way customers of investment banks are margined.
basic families lesbians recognized relationships
Securing for gays and lesbians the basic right to have their relationships and families recognized as part of a community makes all of our communities stronger.
aspects hard irrelevant judged merit work
In the workplace, employees should be judged on their merit and hard work and not on aspects that are irrelevant to their performance.