Last Updated: 29 Mar, 2024 | Views: 242
Age: 80
Profession: Business Men
Other Profession(s): Investor, President
Famous For: President and co-CEO of Elliott Management
Higher Education: University of Rochester (BS), Harvard University (JD)
Net Worth: $5.5 Billion
About (Profile/Biography):
Paul Singer was born on August 22, 1944 in Teaneck, New Jersey, U.S.Paul Singer obtained his B.S. in psychology from the University of Rochester in 1966 and a J.D. from Harvard Law School in 1969.In 1974 Singer went to work as an attorney in the real estate division of the investment bank Donaldson, Lufkin & Jenrette. Paul Singer is an American hedge fund manager, activist investor, and the founder, president and co-CEO of Elliott Management.
Paul Singer Career:
Paul Singer Founded Elliott Management:
• Paul Singer founded the hedge fund Elliott Associates L.P. with US$1.3 million in seed capital from various friends and family members.
• According to Fortune, Elliott has been involved "in most of the big post-crash restructurings.
Paul Singer Purchasing Sovereign Debt:
• In the early 1990s, Paul Singer began using the strategy of purchasing sovereign debt from nations in or near default, such as Argentina and Peruthrough his NML Capital Limited.
• PaulSinger's practice of purchasing distressed debt from companies and sovereign states and pursuing full payment through the courts has led to criticism.
Paul Singer Work on Business & Investment Model:
• Paul Singer focused from early times "on distressed assets", buying up bankrupt firms' debt and acquiring "a reputation for strong-arming his way to profit.
• Paul Singer's career led to a "risk aversion that still guides his investing today.
Paul Singer Owner of AC Milan:
• In July 2018, Paul Singer became the owner of AC Milan after the football team's previous owner defaulted on a $37 million loan payment owed to Singer's hedge fund company.
• Paul Singer eventually stated that Elliott plans to return AC Milan "to the pantheon of top European football clubs.
Paul Singer Philanthropy Work:
• Paul Singer signed The Giving Pledge, which signals a commitment by individuals to donate more than half of their wealth within their lifetime.
• Paul Singer founded the Paul E. Singer Family Foundation, which supports charitable causes including the Harvard Graduate School of Education Singer Prize for Excellence in Secondary Teaching.
Paul Singer Unknown Facts:
Supporter of gay rights: Paul Singer eventually became a steadfast supporter of gay rights.
Launched the American Unity PAC: In 2012, Paul Singer launched the American Unity PAC, which aims to persuade fellow conservatives to support same-sex marriage.
Wait!
Here're some popular profiles for you.