Elliott Management Corp., the $21.8 billion hedge-fund firm founded by Paul Singer, said gold, a money-losing position for the firm this year, remains the best store of value in an uncertain global economy.
Billionaire Paul Singer has denied he owns credit-default swaps that would allow him to profit if Argentina shirks a court order requiring it pay him in full and halts payments. That hasn’t stopped Argentina from repeating the claim as its bond risk soars to the highest in the world.
Nomura Holdings Inc., Japan’s biggest brokerage, hired top-rated Sanford C. Bernstein & Co. analyst Michael Nathanson as head of U.S. media and telecommunications equity research, according to a person familiar with the matter.
Hess Corp. will sell its fuel storage terminal network and exit the refining business as billionaire Paul Singer’s Elliott Associates LP fund said it may buy more than $800 million in shares and seek board seats.
Elliott Management Corp., the activist investor that pushed Novell Inc. to sell itself in 2010, has amassed more than an 11 percent stake in Emulex Corp., a provider of converged networking solutions for data centers.
For all the embarrassment billionaire Paul Singer caused Argentina by seizing one of its navy ships, the biggest triumph in a decade-long dispute brings him just 1 percent closer to recouping his $1.6 billion claim.