The headline’s from yesterday’s Elliott Management investor letter centered on Paul Singer’s call for an end to “financial lawlessness.” The twenty-five page letter, however, included additional insight regarding the activist hedge fund’s performance and market outlook.
The fund returned near 12% in 2014, closely tracking its benchmark compounded annual return of 12.8% since 1994, according to an investor letter reviewed by ValueWalk. Positive sectors included distressed securities, performing debt, equity oriented traded, commodities trading and portfolio protection trades related to interest rates and currencies, key areas of concern for fund managers who track the international debt crisis.


