Komfie Manalo, Opalesque Asia: Paul Singer told investors at his hedge fund firm Elliott Associates that he is looking at opportunities in companies where they can flex some activist muscle and also at distressed credit investing for investment return.
Singer made the comments in his letter to his investors, Reuters said. "At present we continue to find opportunities in activist equity, and we are noticing the beginnings of potentially interesting situations in stressed credit," Singer said in the letter.
The $27 billion New York-based hedge fund was up 2.8% as of end September 30 beating most of its peers. The average hedge fund declined during the third quarter with the HFRI Fund Weighted Composite Index down -1.35%, reported data provider Hedge Fund Research.
Elliott has been throwing its weight behind Dell’s plan to acquire data storage company EMC Corp. The hedge fund has a major stake in EMC. Singer has been telling its clients that he is seeing attractive opportunities in activist equities.
Singer further said in his letter, "When you watch episodes like August 24, 2015, in stock markets (when some of the biggest stocks in the world were down 15-20 percent in minutes), and the recent flash crashes in bond markets (euro bon...................... To view our full article Click here
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