IPFS News Link • Stock Market
Billionaire Hedge Fund Manager Paul Singer Hedges Against Upcoming Market Crash
• https://www.zerohedge.com by Tyler DurdenElliott Management, a $38.3 billion activist fund, has spent the summer months stockpiling cash, closed a $2 billion co-investment fund in August to take companies private.
Now Singer is scrambling to raise an additional $5 billion, in a new funding round, before the cycle turns, according to FT sources.