Difference between revisions of "Paul Singer"
Alex Doherty (talk | contribs) |
Alex Doherty (talk | contribs) (→Political Contributions) |
||
| Line 11: | Line 11: | ||
==Political Contributions== | ==Political Contributions== | ||
| − | + | Singer was a major contributor to the pro-Mitt Romney superPAC Restore Our Future during Romney's presidential run. Singer donated $1 million to the superPAC.<ref name ="PAC">New Hampshire Public Radio [http://nhpr.org/post/superdonor-backs-romney-and-gay-marriage SuperDonor Backs Romney — And Gay Marriage]. Accessed 23 May 2015.</ref> | |
==Affiliations== | ==Affiliations== | ||
Revision as of 15:12, 23 June 2015
Paul Singer (dob: August 22, 1944) is the founder and president of Elliott Management Corporation, a New York-based hedge fund which is currently worth more than $23 billion.[1] As of 23 June 2015 his net worth was estimated at $1.92 Billion.[2] He is also the founder of the Paul E. Singer Foundation a 501(c)(3) non-profit grant making foundation which supports a number of conservative and pro-Israel causes. Singer graduated from Harvard Law School in 1969 and went on to found Elliott Management in 1977.[2] He is a major supporter of the Republican party.
Contents
Investments in Distressed Debt
Through the Elliott Management Corporation Singer has invested in distressed sovereign debt and has bet against countries such as Peru, the Congo and Argentina following financial crises. He has succeeded in suing countries in order to get financial returns on his investments. In 1995 the company bought defaulted Peruvian bank for $20 million and sued the country for $58 million. Kensington International, a subsidiary of the company bought $30 million in debt owed by Congo-Brazzaville. In 2002 and 2003 the company was awarded more than $100 million in interest. As of November 2011 Singer had reportedly been able to acquire $39 million of the country's oil sales.[3] Argentine President Cristina Fernandez de Kirchner has described Singer as a 'vulture'.[2]
Position on LGBT Rights
Singer is a noted supporter of gay rights.[2] However, the Paul E. Singer foundation funds the Philos Project, a Christian Zionist organisation that has close links with the Institute on Religion and Democracy. Members of the latter organisation, such as Janice Shaw Crouse propagate vehemently homophobic views.
Political Contributions
Singer was a major contributor to the pro-Mitt Romney superPAC Restore Our Future during Romney's presidential run. Singer donated $1 million to the superPAC.[4]
Affiliations
- Manhattan Institute - Chairman of the Board
- Elliott Management Corporation - Founder and President
- Paul E. Singer Foundation - Founder
Notes
- ↑ Paul E. Singer Foundation Website Paul Singer. Accessed 22 May 2015.
- ↑ 2.0 2.1 2.2 2.3 forbes.com #1006 Paul Singer. Accessed 23 May 2015.
- ↑ Staff, 'Vulture funds – the key players', The Guardian,15 November 2011, accessed 23 June 2015
- ↑ New Hampshire Public Radio SuperDonor Backs Romney — And Gay Marriage. Accessed 23 May 2015.
