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Paul Singer hates benchmarking


The Elliott founder rails against facile comparisons in a recent letter to investors.

  Paul Singer of Elliott Management
  Paul Singer (Photo: Bloomberg)
Paul Singer doesn't like being compared to other hedge fund managers--even if Elliott Management Corp. easily beats most of its peers.

"We also try really hard not to be benchmarked against other funds, in order to create as much 'breathing room' as possible," Elliott 's July 30 letter to investors said. "Sometimes we do well and sometimes we struggle, but the last thing we want to hear when we hit a soft patch (and the least helpful when trying to dig our way