Hedge Funds Politics & Regulation

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


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