Jump to content

Paul Singer (businessman)

From Wikipedia, the free encyclopedia
(Redirected from NML Capital)

Paul Singer
Singer in 2013
Born
Paul Elliott Singer

(1944-08-22) August 22, 1944 (age 80)
Teaneck, New Jersey, U.S.
EducationUniversity of Rochester (BS)
Harvard University (JD)
Known forFounder, president, co-CEO, and co-CIO of Elliott Management
Political partyRepublican
Children2 sons

Paul Elliott Singer (born August 22, 1944) is an American hedge fund manager, activist investor, and the founder, president, and co-CEO of Elliott Management.[1][2][3] As of March 2024, Forbes estimated his net worth at US$6.1 billion.[4] Fortune described Singer as one of the "smartest and toughest money managers" in the hedge fund industry.[5] A number of sources have branded him a vulture capitalist, largely on account of his role at Elliott Management, which is a vulture fund.[6][7][8][9] The Independent has described him as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts".[10]

Singer's Elliott Management has focused on activist campaigns, in which they take an equity stake in a company and agitate using influence and voting rights to encourage change, and they have also expanded into private equity.[11] Singer's political activities include financial support for LGBTQ rights.[6][12][13] He has provided funding to the Manhattan Institute for Policy Research,[5] is a strong opponent of raising taxes for the wealthiest 1 percent of taxpayers, such as himself, and opposes aspects of the Dodd-Frank Act.[5] Singer is active in Republican Party politics, and he and others affiliated with Elliott Management are collectively "the top source of contributions" to the National Republican Senatorial Committee.[14]

Early life and education

[edit]

Singer was born in 1944 and grew up in Teaneck, New Jersey, in a Jewish family,[15][16][17] one of three children of a Manhattan pharmacist and a homemaker.[5] He obtained his B.S. in psychology from the University of Rochester in 1966[18] and a J.D. from Harvard Law School in 1969.[5][19] In 1974, Singer went to work as an attorney in the real estate division of the investment bank Donaldson, Lufkin & Jenrette.[5][19]

Career

[edit]

Elliott Management

[edit]
Main article: Elliott Management Corporation

In 1977, with a convertible arbitrage "winning formula", Singer left law to create his own investment company. He founded the hedge fund Elliott Associates L.P. with US$1.3 million in seed capital from various friends and family members.[12][5] According to The Telegraph in 2011, Elliott is "one of the oldest hedge funds on Wall Street".[20] Singer is also the founder and CEO of NML Capital Limited, a Cayman Islands-based offshore unit of Elliott Management.[10]

According to Fortune, Singer has been involved "in most of the big post-Financial crisis of 2007–2008 restructurings".[5] In 2009 The Guardian reported that Singer "through a brilliantly complex financial manoeuvre, took control of Delphi Automotive, the sole supplier of most of the auto parts needed by General Motors and Chrysler". Ultimately, the US Treasury paid Elliott Management "$12.9 billion in cash and subsidies from the US Treasury's auto bailout fund".[21] In December 2011 Elliott Associates sued Vietnam's state-owned shipbuilder Vinashin in the UK for defaulting the year before on a US$600 million syndicated loan.[22]

In February 2014, Singer controlled $23 billion (£19 billion) of funds and was the ninth largest investor on Wall Street.[23] In June 2015, Singer was an active activist investor with Citrix Systems, pushing for various changes.[24] In May 2014 the French Financial Markets Regulator fined Elliott a record €14 million ($22 million) for insider trading, a ruling which the company appealed.[25] In a long-standing dispute between Singer and members of the Lee family over a merger between Samsung and Cheil Industries, in 2015 Samsung published numerous cartoons of Singer as an anthropomorphic vulture on its corporate website. The cartoons were denounced by Singer and others as antisemitic.[15] Samsung responded several days later denouncing antisemitism,[15] and pulled the images from their website.[26]

Net worth

[edit]

Forbes rated Singer's net worth as $2.1 billion in 2015,[6][7][15][27] and $2.2 billion in 2016.[28] As of November 2015, Elliott Management Corporation oversees Elliott Associates and Elliott International Limited, which together have more than $27 billion in assets under management in a "multi-strategy fund".[12][27] The corporation includes a private equity division.[29] Termed a "specialist in activism in technology companies" by The Wall Street Journal in June 2015,[24] Elliott Management's varied portfolio also includes a prominent tech component.[29] The company pursued "more than 40 campaigns aimed at tech companies" between 2004 and 2015, according to Reuters.[29] in 2018, Elliott Management took control of Italian football club AC Milan.[30]

COVID-19

[edit]

On 1 February 2020, several weeks before many Americans had heard of COVID-19, Singer wrote a memo to his employees about preparing for the possibility of being quarantined for at least a month due to the virus.[31]

Activist investment

[edit]

After Elliott Management took a stake in Twitter, Singer pushed to oust Jack Dorsey and control four seats on the board after Dorsey announced he would move to Africa. A deal was reached that gave Elliott Management a seat on the board and left Dorsey as CEO.[32][33]

Sovereign debt

[edit]

Singer is a vulture capitalist because of Elliott Management Corporation's investments in distressed debt.[34]: 301 [35] In the early 1990s, Singer began using the strategy of purchasing sovereign debt from nations in or near default, such as Argentina,[5][36][37][38] and Peru,[10][39][40] through his NML Capital Limited,[10] and Republic of the Congo through Kensington International Inc.[9] Singer's practice of purchasing distressed debt from companies and sovereign states and pursuing full payment through the courts has led to criticism.[38][41] Singer and EMC defend their model,[6] saying it is "a fight against charlatans who refuse to play by the market's rules",[36] and supporters of the practice have said it "help[s] keep kleptocratic governments in check".[42] In 1996, Elliott bought defaulted Peruvian debt for $11.4 million.[40] Elliott won a $58 million judgment[36] and Peru had to repay the sum in full under the pari passu rule.[39] When former president of Peru Alberto Fujimori was attempting to flee the country due to human rights abuses and corruption, Singer confiscated his jet and offered to let him leave the country in exchange for the $58 million payment from the treasury. Fujimori accepted.[37][43][22] In the 1990s the Kensington International division of EMC purchased US$30 million (£18m) of "Congolese sovereign debt... allegedly for less than $20m". Kensington subsequently spent years trying to be paid in full through the courts.[8] In 2008 Kensington and the Republic of Congo settled for an undisclosed amount.[22]

After Argentina defaulted on its debt in 2002, the Elliott-owned company NML Capital Limited refused to accept the Argentine offer to pay less than 30 cents per dollar of debt.[5] Elliott sued Argentina for the debt's value,[44] and the lower UK courts found that Argentina had state immunity. Elliott successfully appealed the case to the UK Supreme Court, which ruled that Elliott had the right to attempt to seize Argentine property in the United Kingdom, and on October 2, 2012, Singer arranged for a Ghanaian Court order to detain an Argentine naval vessel in a Ghanaian port in an effort to force Argentina to pay the debt, but was rebuffed when the seizure was barred by the International Tribunal for the Law of the Sea.[45][46][47][48][49][50] In February 2013, the U.S. appeals court heard Argentina's appeal in the case of its default and debt to NML.[51] In March 2013 Argentina offered a new plan,[52] which was dismissed first by the lower courts and then the United States Court of Appeals for the Second Circuit on August 23, 2013, and then again in June 2014 in the U.S. Supreme Court.[53][54] In March 2014 NML Capital unsuccessfully attempted to satisfy court awards by suing SpaceX, seeking the rights to two satellite-launch contracts bought by Argentina valued at $113 million.[36]: 2 [55][56][57][58] In early 2016 US courts ruled that Argentina must make full payments to holdout bondholders by February 29.[59] In February 2016 Argentina reached an agreement with Singer.[60][61][62][63][64]

Business and investment model

[edit]

According to Fortune, Singer focused from early times "on distressed assets", buying up bankrupt firms' debt and acquiring "a reputation for strong-arming his way to profit".[5] Fortune noted in 2012 that losses sustained early in Singer's career led to a "risk aversion that still guides his investing today. Thanks to his caution, by 2012 Elliott had "only two down years" since 1977, rising "4.2% in 2011, a year in which most hedge funds lost money".[5] Describing him as "one of the smartest and toughest money managers in the business", the article further notes that his firm "is so influential that fear of its tactics helped shape the current 2012 Greek debt restructuring".[5]

Elliott was termed by The Independent as "a pioneer in the business of buying up sovereign bonds on the cheap, and then going after countries for unpaid debts".[10] Singer describes his business model as "a fight against charlatans who refuse to play by the market's rules",[36] and in 2013 told Alpha Magazine that "we've made the point over and over again that sovereigns that could pay their debts and choose not to may be attempting to save some money but are harming their people and their economies by making investing in their countries more risky and more problematic and by discouraging foreign investment."[6] In response, The Washington Post wrote in 2014 that "in Singer's view, he isn't just forcing indebted companies and countries to pay up. He's trying to create a world where distressed debt doesn't exist. Depending on your own views, that makes Singer an activist investor, or a 'vulture capitalist.'"[6]

AC Milan

[edit]

In July 2018 Singer became the owner of Italian football club AC Milan after the previous owner defaulted on a $37 million loan payment owed to Singer's hedge fund company. Elliott had loaned $400 million to the previous owner to help him purchase the club, which plays in Italy's top football league, Serie A.[65] Although the company had been expected to sell the club and entertained negotiations, Singer eventually stated that Elliott planned to return AC Milan "to the pantheon of top European football clubs where it rightly belongs" and to inject $66 million to "stabilize the club's finances" and "fund AC Milan's transformation".[66] However, on 1 June 2022, RedBird Capital Partners agreed to acquire AC Milan for $1.3 billion, with Elliott retaining a minority stake. [67]

Philanthropy

[edit]

Singer signed The Giving Pledge, which signals a commitment by individuals to donate more than half of their wealth within their lifetime to address society's "most difficult moral and economic challenges".[6] 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,[68] VH1 Save The Music Foundation,[69] and MarineParents.com.[14]

Singer and The Paul E. Singer Family Foundation are behind The Philos Project, a pro-Israel Christian organization.[70] In 2016 Singer partnered with the Museum of the Bible to fund Passages Israel, a program to take college students to Israel.[71] He is a "longtime supporter of hawkish pro-Israel causes" and a major funder of the conservative think tank Foundation for Defense of Democracies.[72] In November 2018, after the Pittsburgh synagogue shooting, the Paul E. Singer Family Foundation announced it would donate $1 million to upgrade security at Jewish institutions in New York.[73] The funds will be given to the United Jewish Appeal – Federation of New York.[74]

Political activity

[edit]

Singer is an active participant in Republican Party politics.[75] He is a "self-proclaimed conservative libertarian".[76] According to The New York Times, he supports "like-minded candidates who often share his distaste for what they view as governmental over-meddling in the financial industry".[77] Singer has contributed more than $1 million to the political efforts of the Koch brothers.[78][79] In 2014, Singer led a group of major Republican donors to form the American Opportunity Alliance, a group that brings together wealthy Republican donors who share Singer's support for LGBTQ rights, immigration reform and Israel.[80] During the 2016 U.S. presidential election campaign, Singer supported Marco Rubio and donated a million dollars in March to the Our Principles PAC, a Stop Trump movement PAC attempting to derail Donald Trump's election campaign.[81][82][83][84] He also started the American Unity PAC.[85] He supported Trump's inaugural committee with $1 million together with 25 other billionaires.[86]

Singer was a major contributor to George W. Bush's presidential campaigns.[12][87] On March 14, 2008, Singer hosted a Republican National Committee luncheon in his home for 70 guests that raised $1.4 million for Bush.[88][89][90] Bush appointed Singer to serve on the Honorary Delegation to accompany him to Jerusalem for the celebration of the 60th anniversary of the State of Israel in May 2008.[91] In 2007, Singer was one of the most important fundraisers in Rudy Giuliani 2008 presidential campaign.[12][92] That same year, Singer led a financial industry fund-raising effort for Rudy Giuliani, first as regional finance chair and later as senior policy adviser.[93][94] Singer lent Giuliani his private jet.[94][95] That same year, Singer at $175,000 was the sole contributor to a campaign to support a petition drive for a proposed California initiative to apportion the state's 55 electoral votes by congressional district. At least 19 of the state's 53 congressional districts were expected to vote for a GOP presidential candidate, enough to change the national results in a close election.[92][96]

Singer was one of the largest donors during the 2010 U.S. midterm elections, contributing more than $4 million to support Republican candidates.[89] In 2011, Singer donated $1 million to Restore Our Future, a Super PAC created to support Mitt Romney in the 2012 U.S. presidential election.[97] In 2013, Singer gave $100,000 to the Club for Growth, a 501(c)4 organization that supports Tea Party candidates.[98] He has also donated millions of dollars to organizations that advocate for a strong military and for supporting Israel.[99][100][101]

In 2012, Singer founded the nonprofit Start-up Nation Central, an NGO aimed at developing collaboration between Israel's tech sector and outside investors.[102][103] Singer has invested around $20 million into Start-Up Nation Central, which is based in Tel Aviv.[104] Singer is a member of the Committee on Capital Markets Regulation, a non-governmental, nonpartisan research organization.[105] He is chairman of the board of trustees for the Manhattan Institute for Policy Research, a conservative think tank in New York City,[106] and on the board of directors of the Republican Jewish Coalition, a political lobbying group in the United States that promotes Jewish Republicans.[69] He also served on the board of directors for the Jewish Institute for National Security Affairs.[107]

In 2016, Singer invested $500,000 in a PAC supporting John Faso, a Congressional candidate in New York's 19th congressional district opposing progressive candidate and Wall Street critic Zephyr Teachout. Teachout responded to the donation by challenging Singer to come to the district and debate her.[108] The same year, Singer supported Senator Marco Rubio in the presidential primary.[109] As of September 2019 Singer had not donated to Trump's reelection campaign.[110] According to ProPublica, Singer was linked to an Alaskan fishing trip with Justice Samuel Alito in 2008. Singer gave Alito free private jet travel from all across the country to Alaska, where a group including Alito and Singer went fishing. A few years later Alito voted with six other colleagues in Republic of Argentina v. NML Capital, Ltd. brought by Singer's companies after Argentinian debt was bought up. Alito never recused himself.[111]

LGBTQ rights

[edit]

As well as contributing to private initiatives, Singer also actively seeks to persuade other Republicans to support gay marriage.[12][112] He has joined other Wall Street executives in support of LGBT equality and stated that same-sex marriage promotes "family stability" and that in a time when "the institution of marriage in America has utterly collapsed", the fact that gay couples want to marry "is kind of a lovely thing and a cool thing and a wonderful thing".[113][114]

Singer, whose son Andrew married his husband Corey Morris in a same-sex marriage in Massachusetts in 2009, has also financially supported the legalization of gay marriage in New York,[115] as well as in Maryland.[116] In 2011 this advocacy included supporting legislation allowing same-sex marriage in the state of New York.[117] In 2012, Singer provided $1 million to start a Political Action Committee named American Unity PAC. According to the New York Times, the PAC's "sole mission will be to encourage Republican candidates to support same-sex marriage, in part by helping them to feel financially shielded from any blowback from well-funded groups that oppose it".[118] In 2014 Singer urged Republicans to pass the Employment Non-Discrimination Act. This bill requires workplace protections to extend to the LGBT community.[119] As of June 2014 Singer had donated an estimated $10 million to the gay rights movement.[12] Singer also funded the American Unity Fund.[120]

In 2015, Singer, Tim Gill, and Daniel Loeb helped fund Freedom For All Americans to promote LGBT issues in states and local communities in the United States.[121]

In 2015, the Washington Free Beacon, largely funded by Singer, hired Fusion GPS to unearth damaging information on Republican candidates for the office of President of the United States. This research was later used by the Hillary Clinton campaign and became the infamous and now debunked Steele Dossier.[122][123] In 2024, however, he donated $5 million to Trump's re-election campaign.[124]

Writings and commentary

[edit]

Singer has written columns in the Wall Street Journal.[125] In 2009 he wrote "Free-Marketeers Should Welcome Some Regulation", a column in which he argued: "It's true that monetary policy was too lax for too long, and the government encouraged lending to people who were unlikely to repay their loans. But this crisis was primarily caused by managements and individuals throughout the financial system who exercised extremely poor judgement. The private sector, not the public sector, is where the biggest mistakes were made."[126] Among other topics, he has written against raising taxes for the wealthiest taxpayers ("the 1%") and aspects of the Dodd-Frank Act.[5]

At a September 2006 financial conference in New York City, Singer delivered a speech called "Complexity Made Simple", advising that the purchase of collateralized debt obligations (CDOs) was a serious mistake and anticipating the downturn of the housing market by nearly a year before the $770 billion taxpayer-funded bailout.[19] Hedge fund manager Jim Chanos said in an August 2009 radio interview that he and Singer had met with G7 finance ministers in 2007 to warn them that the global financial system was increasingly unstable and approaching a catastrophe, with banks on the verge of sinking the global economy. The pair argued that decisive action was called for, but Chanos claims they were met with indifference.[127]

Personal life

[edit]

In 2020 Singer ranked 222 on the Forbes 400 list of the richest Americans, 538 among the world's billionaires, and the 19th highest earning hedge fund manager.[128] He has two sons, Andrew and Gordon. After Andrew came out as gay, Singer said he reacted "with fear and nervousness, I worried about the health aspects ... grandfatherhood" but eventually became a steadfast supporter of gay rights. In 2012, he launched the American Unity PAC, which aims to persuade fellow conservatives to support same-sex marriage. He has actively supported same-sex marriage campaigns and makes large donations to LGBT groups.[129]

Singer lives on New York City's Upper West Side and has a house in Aspen, Colorado.[5] He began studying classical piano at the age of 10 and formed a family band with one son on guitar, another on drums, and his son-in-law on saxophone. He enjoys Led Zeppelin and has played onstage with Meat Loaf.[5]

Honors

[edit]

In 2017, Singer received an honorary doctorate from the University of Rochester.[130]

See also

[edit]

References

[edit]
  1. ^ Guttman, Nathan (February 2, 2016). "Mega-donor Paul Singer Gives Sheldon Adelson a Run for His Money". Haaretz.
  2. ^ Johnson, Chris (October 31, 2015). "Major pro-LGBT Republican donor backs Rubio". Washington Blade. Archived from the original on April 4, 2019. Retrieved June 1, 2016.
  3. ^ Holmes, Frank (May 26, 2020). "You Can't Just Print More Gold". Forbes. Retrieved April 4, 2021.
  4. ^ "Forbes profile: Paul Singer". Forbes. Retrieved March 2, 2024.
  5. ^ a b c d e f g h i j k l m n o p Celarier, Michelle (March 26, 2012). "Mitt Romney's hedge fund kingmaker". CNN. Archived from the original on July 24, 2016.
  6. ^ a b c d e f g Fuller, Jaime (April 4, 2014). "Meet the wealthy donor who's trying to get Republicans to support gay marriage". Washington Post. Archived from the original on December 11, 2015. Retrieved October 24, 2019.
  7. ^ a b Palast, Greg; O'Kane, Maggie; Madlena, Chavala (November 15, 2011). "Vulture funds await Jersey decision on poor countries' debts". The Guardian. Archived from the original on April 4, 2019. Retrieved August 3, 2015.
  8. ^ a b Armitage, Jim. "Can you make an ethical case for vulture funds?". The Independent. Archived from the original on April 15, 2019. Retrieved November 29, 2015.
  9. ^ a b Sheehan, Michael (November 15, 2011). "Vulture funds – the key players". The Guardian. Archived from the original on May 1, 2019. Retrieved June 10, 2012.
  10. ^ a b c d e Kumar, Nikhil (November 23, 2012). "The vulture capitalist who devoured Peru – and now threatens Argentina; Could Paul Singer destroy another economy?". The Independent. London. Archived from the original on November 3, 2015. Retrieved October 22, 2015.
  11. ^ Sherman, Alex (June 14, 2020). "Hedge fund Elliott Management shifts to elephant hunting as fund size balloons". CNBC. Retrieved September 3, 2021.
  12. ^ a b c d e f g Foley, Stephen (June 20, 2014). "Paul Singer, the hedge fund holdout". Financial Times. Archived from the original on April 27, 2016. Retrieved November 29, 2015.
  13. ^ Johnson, Chris (October 31, 2015). "Major pro-LGBT Republican donor backs Rubio". Washington Blade. Archived from the original on April 4, 2019. Retrieved November 29, 2015.
  14. ^ a b Eric Lichtblau (August 27, 2010). "Financier's Largess Shows G.O.P.'s Wall St. Support". The New York Times. Archived from the original on August 10, 2017. Retrieved February 23, 2017.
  15. ^ a b c d Kurson, Ken (July 13, 2015). "Spat Between Samsung and NYC Hedge Fund Takes Nasty Detour Into Jew-Baiting". Observer. Archived from the original on October 18, 2015. Retrieved November 29, 2015.
  16. ^ Kampeas, Ron (May 14, 2011). "Jewish, Republican, pro-gay rights". JTA. Archived from the original on November 20, 2015. Retrieved November 29, 2015.
  17. ^ Guttman, Nathan. "Paul Singer, the GOP’s 'Anti-Adelson', Makes His Move" Archived August 24, 2017, at the Wayback Machine, The Forward, February 2, 2016. Accessed August 19, 2017. "Singer grew up in Teaneck, New Jersey, one of three children in a Jewish family."
  18. ^ "Paul Singer '66". www.simon.rochester.edu. Archived from the original on February 2, 2019. Retrieved February 1, 2019.
  19. ^ a b c Kambiz Foroohar (February 2008). "The Opportunist". Bloomberg Markets.
  20. ^ Ebrahimi, Helia; Blackden, Richard (April 24, 2011). "Paul Singer's Elliott Management takes the fight to National Express". The Telegraph. Archived from the original on December 9, 2015. Retrieved November 29, 2015.
  21. ^ Palast, Greg (August 7, 2014). "How Barack Obama could end the Argentina debt crisis". The Guardian. Archived from the original on April 1, 2016. Retrieved March 29, 2016.
  22. ^ a b c Steger, Isabella (December 12, 2011). "Hedge Fund Elliott Associates Takes Vietnam to Court". Wall Street Journal. Archived from the original on October 21, 2016. Retrieved August 13, 2016.
  23. ^ "Wall Street planning assault on UK". The Telegraph. February 8, 2014. Archived from the original on September 23, 2016. Retrieved August 14, 2016.
  24. ^ a b Benoit, Davis; Beilfuss, Lisa (June 11, 2015). "Elliott Management Pushes for Change at Citrix". The Wall Street Journal. Archived from the original on December 8, 2015. Retrieved November 29, 2015.
  25. ^ Tonnelier, Audrey (July 28, 2014). "Elliott, le fonds vautour qui fait trembler l'Argentine". Le Monde.fr (in French). Archived from the original on September 16, 2016. Retrieved August 20, 2016.
  26. ^ Smith, Geoffrey (July 17, 2015). "Vitriol pays off as Samsung wins key merger vote against Singer". Fortune. Archived from the original on November 17, 2015. Retrieved October 14, 2015.
  27. ^ a b "#327 Paul Singer – Forbes 400". Forbes. Archived from the original on November 25, 2015. Retrieved November 29, 2015.
  28. ^ "#327 Paul Singer". Forbes. Archived from the original on April 13, 2019. Retrieved February 2, 2016.
  29. ^ a b c Flaherty, Michael. "EMC-Dell talks highlight Elliott's clout across tech sector". Reuters. Archived from the original on October 21, 2015. Retrieved November 29, 2015.
  30. ^ "Hedge fund Elliott takes control of Italian soccer club AC Milan". Reuters. July 10, 2018. Archived from the original on February 2, 2019. Retrieved February 1, 2019.
  31. ^ Porzecanski, Katia (April 8, 2020). "Paul Singer Warned Employees on Feb. 1 to Prepare for Quarantine". Bloomberg.com. Archived from the original on June 8, 2020. Retrieved September 2, 2020.
  32. ^ Brown, Abram (February 29, 2020). "Twitter's Jack Dorsey Has A New Nemesis: Hedge Fund Billionaire Paul Singer". Forbes. Retrieved March 30, 2021.
  33. ^ Sherman, Lauren Feiner (March 9, 2020). "Twitter CEO Dorsey keeps his job after company strikes investment deal with Elliott Management, Silver Lake". CNBC. Retrieved March 30, 2021.
  34. ^ Suarez-Villa, Luis (2014). Corporate Power, Oligopolies, and the Crisis of the State. SUNY Press. pp. 378 pages. ISBN 978-1438454856.
  35. ^ Moyer, Liz (October 28, 2015). "Elliott Management Takes 11% Stake in Cabela's". The New York Times. Archived from the original on October 31, 2015. Retrieved November 29, 2015.
  36. ^ a b c d e Abelson, Max; Porzecanski, Katia (August 7, 2014). "Paul Singer Will Make Argentina Pay". Bloomberg News. Archived from the original on October 4, 2015. Retrieved October 20, 2015.
  37. ^ a b Palast, Greg (July 31, 2014). "The Vulture: Chewing Argentina's Living Corpse". Greg Palast. Archived from the original on July 27, 2015. Retrieved August 2, 2015.
  38. ^ a b Kelly, Kate (September 24, 2014). "Kyle Bass big on Argentina; rips 'immoral' competitors". CNBC. Archived from the original on June 12, 2020. Retrieved August 3, 2015.
  39. ^ a b Kenneth Dyson (2014). States, Debt, and Power: Saints and Sinners in European History and Integration. OUP Oxford. pp. 241–. ISBN 978-0-19-102347-7. Archived from the original on June 11, 2020. Retrieved July 19, 2016.
  40. ^ a b George D. Cameron III (2015). International Business Law: Cases and Materials. Van Rye Publishing, LLC. pp. 291–. ISBN 978-0-9903671-4-7. Archived from the original on June 12, 2020. Retrieved July 19, 2016.
  41. ^ Spat between Samsung and NYC Hedge Fund takes nasty detour into Jew-baiting Archived July 17, 2015, at the Wayback Machine, The Observer (07/2015)
  42. ^ Isabella Steger (December 12, 2011). "Hedge Fund Elliott Associates Takes Vietnam to Court". The Wall Street Journal. Archived from the original on May 12, 2017. Retrieved August 4, 2017.
  43. ^ ""Fujimori paid and the Vulture Funds gave him the plane to flee from Peru," said Toussaint". Telam. September 30, 2014. Archived from the original on September 24, 2015. Retrieved August 2, 2015.
  44. ^ Guardian (November 15, 2011). "Vulture funds – the key players". The Guardian. London. Archived from the original on May 1, 2019. Retrieved June 11, 2013.
  45. ^ Lopez, Linette (December 21, 2012). "Hedge Fund Billionaire Paul Singer May Have To Pay For His Brief Stint As A Pirate". Business Insider. Archived from the original on September 24, 2015. Retrieved August 15, 2015.
  46. ^ Conrad Waters (2013). Seaforth World Naval Review 2014. Seaforth Publishing. pp. 39–. ISBN 978-1-84832-326-1. Archived from the original on February 10, 2018. Retrieved July 19, 2016.
  47. ^ Fontevecchia, Agustino (October 5, 2012). "The Real Story Of How A Hedge Fund Detained A Vessel In Ghana And Even Went For Argentina's 'Air Force One'". Forbes. Archived from the original on November 9, 2012. Retrieved October 21, 2015.
  48. ^ Lopez, Linette (November 13, 2012). "Argentina's President Is Making Great Political Theater Out Of Paul Singer Seizing The Country's Naval Ship". Business Insider. Archived from the original on September 24, 2015. Retrieved August 3, 2015.
  49. ^ BBC, Kaja. "Ghana told to free Argentine ship Libertad by UN court". BBC. Archived from the original on July 3, 2015. Retrieved August 2, 2015.
  50. ^ Ed Stocker, "Argentina welcomes home ship held in Ghana by US 'vulture fund'" Archived March 31, 2017, at the Wayback Machine, The Independent, January 9, 2013
  51. ^ Raymond, Nate (April 2, 2013). "Update 2 - US court demands Argentine bondholders address pay plan". Reuters. Archived from the original on September 26, 2013. Retrieved June 13, 2013.
  52. ^ Warren, Michael. "Argentina wants to pay debts with cash & bonds". USA Today. Associated Press. Archived from the original on January 19, 2016. Retrieved November 29, 2015.
  53. ^ United States Court of Appeals, for the Second Circuit (August 23, 2013). "12-105(L) NML Capital, Ltd. v. Republic of Argentina" (PDF). Clarín. Archived (PDF) from the original on August 28, 2013. Retrieved August 23, 2013.
  54. ^ "Argentina makes debt case in US newspapers". Yahoo.com. AFP wire. June 23, 2014. Archived from the original on March 3, 2016. Retrieved August 13, 2016.
  55. ^ Romig, Shane (March 25, 2014). "Argentina Creditor Takes Debt Battle to Space". The Wall Street Journal. Archived from the original on December 8, 2015. Retrieved October 20, 2015.
  56. ^ Lopez, Linette (July 30, 2014). "Paul Singer Doesn't Understand Why We're So Obsessed With His Little Argentina Investment". Business Insider. Archived from the original on September 21, 2015. Retrieved October 15, 2015. Singer sued Elon Musk's Space X for a ride Argentina had purchased as collateral for the country's debt.
  57. ^ "NML fails at attempt to seize assets". Buenos Aires Herald. March 7, 2015. Archived from the original on December 8, 2015. Retrieved October 20, 2015.
  58. ^ Salvatore, Cara (March 5, 2015). "NML Capital Loses Bid For Argentina Space Contracts". Law360. Archived from the original on December 8, 2015. Retrieved October 20, 2015.
  59. ^ Stevenson, Alexandra (March 24, 2016). "Hedge Funds Dealt Setback as U.S. Sides With Argentina on Defaulted Bonds". New York Times. Archived from the original on March 26, 2016. Retrieved March 25, 2016.
  60. ^ "Argentina reaches $4.65bn deal with holdouts". Financial Times. February 29, 2016. Archived from the original on March 3, 2016. Retrieved February 29, 2016.
  61. ^ "Daniel Pollack: "El acuerdo se termina si el pago no se hace antes del 14 de abril"". La Nacion. February 29, 2016. Archived from the original on May 4, 2016.
  62. ^ Rafael Mathus Ruiz (April 13, 2016). "La Corte de Nueva York confirmó la orden de Thomas Griesa para que la Argentina salga del default" [The Court of New York confirmed the order of Thomas Griesa for Argentina to leave the default]. La Nacion (in Spanish). Archived from the original on April 15, 2016. Retrieved April 13, 2016.
  63. ^ "US court ruling allows Argentina bond sale to proceed". Financial Times. April 13, 2016. Retrieved April 13, 2016.
  64. ^ Bob Van Voris (April 13, 2016). "Argentina Wins Court Ruling Letting Bond Sale Proceed". Bloomberg L.P. Archived from the original on April 14, 2016. Retrieved April 13, 2016.
  65. ^ English, Carleton (July 11, 2018). "Hedge fund billionaire Paul Singer takes over AC Milan". New York Post. Retrieved January 27, 2021.
  66. ^ "Elliott Management owns AC Milan after Li misses deadline". USA Today. Associated Press. July 11, 2018. Retrieved January 27, 2021.
  67. ^ "Redbird Agrees $1.3 Billion Takeover of AC Milan Football Club". Bloomberg. June 1, 2022. Archived from the original on June 1, 2022. Retrieved June 1, 2022.
  68. ^ "Stories Tagged Singer Prize Excellence Secondary Teaching". Harvard Graduate School of Education. April 18, 2008. Archived from the original on December 8, 2015. Retrieved October 15, 2015.
  69. ^ a b "Paul Singer". Republican Jewish Coalition. Archived from the original on October 24, 2015. Retrieved October 15, 2015.
  70. ^ "The Jewish Billionaire Behind a New Christian Anti-Iran Group". March 6, 2015. Archived from the original on August 22, 2016. Retrieved July 27, 2016.
  71. ^ "Charisma News". Charisma News. Archived from the original on July 27, 2016.
  72. ^ "Forward 50 2015 – Paul Singer". The Forward. The Forward Association, Inc. 2015. Archived from the original on July 3, 2017. Retrieved May 29, 2017.
  73. ^ Feis, Aaron (November 6, 2018). "Singer Foundation will give $1M to secure NYC Jewish sites". New York Post. Archived from the original on November 9, 2018. Retrieved December 30, 2019.
  74. ^ "Singer Foundation will give $1M to secure NYC Jewish sites". November 6, 2018. Archived from the original on November 9, 2018. Retrieved November 9, 2018.
  75. ^ Dugan, Ianthe Jeanne; Brody Mullins (August 27, 2012). "Wall Street's Singer Makes His Influence Felt". The Wall Street Journal. Archived from the original on December 31, 2014. Retrieved June 12, 2013.
  76. ^ Sorvino, Chloe. "The Biggest, Most Influential Political Donors On The 2015 Forbes 400". Forbes. Archived from the original on March 30, 2020. Retrieved June 17, 2020.
  77. ^ Lichtblau, Eric (August 28, 2010). "Financier's Largess Shows G.O.P.'s Wall St. Support". The New York Times. Archived from the original on September 27, 2015. Retrieved November 29, 2015.
  78. ^ Vogel, Kenneth (July 27, 2015). "Koch brothers summon Bush, Cruz, Walker, Rubio to SoCal confab". Politico. Archived from the original on October 24, 2015. Retrieved October 22, 2015.
  79. ^ La Roche, Julia (September 6, 2011). "Check Out All Of The Wall Streeters Who Donated More Than A Million Dollars To The Koch Brothers This Year". Business Insider. Archived from the original on November 3, 2015. Retrieved October 22, 2015.
  80. ^ Burns, Alexander; Vogel, Kenneth (February 18, 2014). "Exclusive: Mega-donors plan GOP war council". Politico. Archived from the original on September 9, 2015. Retrieved October 22, 2015.
  81. ^ McCormack, Raymond (March 8, 2016). "Our Principles PAC". Factcheck.org. Archived from the original on March 15, 2016. Retrieved March 15, 2016.
  82. ^ "'Our Principles' SuperPAC Spreads Anti-Donald Trump Message". NPR.org. Archived from the original on March 11, 2016. Retrieved March 11, 2016.
  83. ^ Cassidy, John (March 3, 2016). "The Problem with the "Never Trump" Movement". The New Yorker. Archived from the original on March 19, 2016. Retrieved March 25, 2016.
  84. ^ Haberman, Maggie; Confessore, Nicholas (October 30, 2015). "Paul Singer, Influential Billionaire, Throws Support to Marco Rubio for President". The New York Times. Archived from the original on October 31, 2015. Retrieved October 31, 2015.
  85. ^ Sullivan, Sean (May 3, 2013). "Meet the billionaire hedge fund manager quietly shaping the GOP gay marriage debate". The Washington Post. Archived from the original on August 17, 2015. Retrieved July 27, 2016.
  86. ^ Alexander, Dan. "More Than 25 Billionaires Poured Millions Into Trump's Inaugural Committee". Forbes. Archived from the original on April 23, 2017. Retrieved April 22, 2017.
  87. ^ "Hedge Fund Chiefs, With Cash, Join Political Fray". The New York Times. January 25, 2007. Archived from the original on December 31, 2016. Retrieved February 23, 2017.
  88. ^ Kamen, Al (March 19, 2008). "Singer Was Bush's Mystery Dinner Host. No, Not That Singer". The Washington Post. Archived from the original on September 25, 2019. Retrieved October 22, 2015.
  89. ^ a b Mosk, Matthew (August 16, 2011). "Mitt Romney Cash Invested With GOP Whale". ABC News. Archived from the original on November 3, 2015. Retrieved October 22, 2015.
  90. ^ Katz, Celeste (January 5, 2009). "President Bush's photo op with Robert Toussie was at home of city GOP'er". Daily News. New York City.
  91. ^ Lake, Eli. "Bush Visit May Boost Olmert". The Sun. Archived from the original on October 12, 2019. Retrieved November 29, 2015.
  92. ^ a b Berman, Ari (October 11, 2007). "Rudy's Bird of Prey; Giuliani's conservative kingmaker knows all about the ugly side of Third World debt. He invented it". The Nation. Archived from the original on November 3, 2015. Retrieved October 21, 2015.
  93. ^ Rosen, David S. "Romney Attracts More of Bush's Top Donors Than Rivals (Update 2)". Bloomberg L.P. Archived from the original on December 8, 2015. Retrieved November 29, 2015.
  94. ^ a b Cooper, Michael; Wayne, Leslie (November 22, 2007). "Publicity-Shy Giuliani Backer Is Thrust Into Spotlight". The New York Times. Archived from the original on June 5, 2015. Retrieved October 21, 2015.
  95. ^ Stone, Peter (September 2013). "This Vulture-Fund Billionaire Is the GOP's Go-To Guy on Wall Street; Meet the hard-charging, warship-seizing hedge fund mogul who has become congressional Republicans' most powerful fundraiser". Mother Jones. Archived from the original on October 17, 2015. Retrieved October 21, 2015.
  96. ^ Andrew Malcolm, "Giuliani fundraiser was mystery initiative backer" Archived January 25, 2008, at the Wayback Machine, Los Angeles Times, November 28, 2007
  97. ^ "Schedule A Itemized Receipts – Committee: Restore Our Future, Inc, INC". Federal Election Commission. Archived from the original on February 1, 2012. Retrieved November 3, 2013.
  98. ^ Yang, Jia (October 11, 2013). "Here's who pays the bills for Ted Cruz's crusade". The Washington Post. Archived from the original on October 12, 2013. Retrieved October 11, 2013.
  99. ^ Thomas, Landon (January 25, 2007). "Hedge Fund Chiefs, With Cash, Join Political Fray". The New York Times. Archived from the original on June 5, 2015. Retrieved November 29, 2015.
  100. ^ Clifton, Eli (April 7, 2014). "GOP Pro–Gay Marriage Funder's Other Agenda: Bombing Iran". The Nation. Archived from the original on June 26, 2015. Retrieved July 20, 2015.
  101. ^ Blumenthal, Paul (April 23, 2014). "Wall Street, War Hawks Fund Challenger To Only Anti-War, Anti-Wall Street Republican". The Huffington Post. Archived from the original on June 26, 2015. Retrieved July 20, 2015.
  102. ^ Shamah, David (October 7, 2015). "Nonprofit connects Israel tech firms with investors". The Times of Israel. Archived from the original on February 24, 2019. Retrieved April 2, 2019.
  103. ^ "Israeli start-up incubator appoints new general manager – Business & Innovation – Jerusalem Post". www.jpost.com. September 3, 2017. Archived from the original on April 2, 2019. Retrieved April 2, 2019.
  104. ^ CTech (March 11, 2019). "AI Companies Accounted for 37% of Investment in Israeli Tech Companies in 2018". CTECH – www.calcalistech.com. Archived from the original on April 2, 2019. Retrieved April 2, 2019.
  105. ^ "Members". Committee on Capital Markets Regulation. Archived from the original on September 11, 2014. Retrieved September 11, 2014.
  106. ^ David Callahan (2010). Fortunes of Change: The Rise of the Liberal Rich and the Remaking of America. John Wiley & Sons. pp. 272–. ISBN 978-0-470-60654-4.
  107. ^ "Wall Street Donors: Paul Singer". Inside Philanthropy. Archived from the original on October 9, 2015. Retrieved November 3, 2015.
  108. ^ Carter, Zach (August 15, 2016). "This Democrat Isn't Challenging Her Opponent To A Debate. She's Challenging A Donor To His Super PAC". Archived from the original on August 20, 2016. Retrieved August 19, 2016 – via Huff Post.
  109. ^ "Influential billionaire Paul Singer throws support to Marco Rubio for president". Tampa Bay Times. Archived from the original on June 17, 2020. Retrieved June 17, 2020.
  110. ^ Warren, Michael (September 9, 2019). "AT&T's latest shareholder is a big GOP donor. Just not to Trump". CNN. Archived from the original on August 15, 2020. Retrieved July 21, 2020.
  111. ^ Elliott, Justin; Kaplan, Joshua; Mierjeski, Alex (June 20, 2023). "Justice Samuel Alito Took Luxury Fishing Vacation With GOP Billionaire Who Later Had Cases Before the Court". ProPublica. Retrieved June 21, 2023.
  112. ^ Keith, Tamara (April 17, 2012). "SuperDonor Backs Romney – And Gay Marriage". New Hampshire Public Radio. Archived from the original on July 31, 2012. Retrieved June 13, 2013.
  113. ^ "Out on the Street' Summit to Spotlight LGBT Employee Issues | LGBT Employees". Businessnewsdaily.com. April 25, 2012. Archived from the original on December 16, 2012. Retrieved November 3, 2013.
  114. ^ Bruni, Frank (June 9, 2012). "The G.O.P.'s Gay Trajectory". The New York Times. Archived from the original on June 16, 2013. Retrieved June 13, 2013.
  115. ^ Nicholas Confessore and Michael Barbaro (May 14, 2011). "Donors to GOP are backing gay marriage push". The New York Times. Archived from the original on November 7, 2017. Retrieved February 23, 2017.
  116. ^ Bolcher, Julie (October 15, 2012). "Republican Donor Paul Singer Gives $250,000 to Maryland Marriage Campaign". The Advocate. Archived from the original on December 8, 2015. Retrieved November 29, 2015.
  117. ^ Barbaro, Michael (June 25, 2011). "The Road to Gay Marriage in New York". The New York Times. Archived from the original on February 23, 2017. Retrieved February 23, 2017.
  118. ^ Bruni, Frank (June 9, 2012). "The G.O.P.'s Gay Trajectory". The New York Times. Archived from the original on June 10, 2012. Retrieved June 10, 2012.
  119. ^ Palmer, Anna (April 9, 2014). "Billionaires push Republicans on gay rights bill". Politico. Archived from the original on April 29, 2014. Retrieved April 29, 2014.
  120. ^ "These Gay Republican Activists Are Making Inroads With Trump's Team". BuzzFeed News. January 19, 2017. Archived from the original on June 17, 2020. Retrieved June 17, 2020.
  121. ^ Somashekhar, Sandhya (June 5, 2015). "Ending discrimination in workplace, other areas is next gay rights battle". The Washington Post. Archived from the original on June 7, 2015. Retrieved October 12, 2019.
  122. ^ "Conservative Website First Funded Anti-Trump Research by Firm That Later Produced Dossier". New York Times. Retrieved November 5, 2024.
  123. ^ "Why the Discredited Dossier Does Not Undercut the Russia Investigation". New York Times. Retrieved November 5, 2024.
  124. ^ "The 10 biggest billionaire donors to Kamala Harris, Donald Trump, and others this election". Quartz. November 4, 2024. Retrieved November 5, 2024.
  125. ^ Singer, Paul (March 23, 2010). "The Dodd bill and U.S. Competitiveness". The Wall Street Journal.
  126. ^ Singer, Paul (April 3, 2009). "Free-Marketeers Should Welcome Some Regulation". The Wall Street Journal. Archived from the original on August 9, 2017. Retrieved August 9, 2017.
  127. ^ Johnson, Rob; Lynn Parramore (September 1, 2009). "Jim Chanos Warned Brown, Geithner, and Others about Coming Financial Crash in 2007". The Huffington Post. Archived from the original on June 18, 2013. Retrieved June 13, 2013.
  128. ^ "#222 Paul Singer". Forbes. Retrieved January 27, 2021.
  129. ^ Ellis, Blake (May 19, 2014). "Wall Street CEOs open up about their gay sons". CNN Money. Archived from the original on September 24, 2019.
  130. ^ "Rochester Review :: University of Rochester". www.rochester.edu. Archived from the original on October 6, 2019. Retrieved October 6, 2019.
Retrieved from "https://wiki.riteme.site/w/index.php?title=Paul_Singer_(businessman)&oldid=1255536125"