Hedge Funds Politics & Regulation

Paul Singer strikes back, says size is no enemy of performance

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The Elliott Management honcho also blasts “complete baloney” of loose monetary policy.

 
Wile E. Coyote demonstrates the perils of overreaching.

LAS VEGAS -- Elliott Management founder Paul Singer offered a full-throated defense of big hedge funds Wednesday, pushing back against the notion that he and his peers are grazing at the buffet of steady management fees.

In an on-stage interview at the SALT Conference in Las Vegas, Singer boasted that his firm’s growth from $1 million to $19.2 billion during more than three decades had been an “unalloyed positive.”

“The portfolio that I have now compares favorably with any portfolio we’ve ever had,” Singer