Elliott Management founder Paul Singer thinks we are currently living in a distorted economy that is much more fragile than generally acknowledged, he wrote in a letter to investors reviewed by ValueWalk. In this environment, Elliott Management generated 3.1% in the Elliott Associates fund and 2.9% in the Elliott International Limited fund during the third quarter. The news was first reported by Kate Kelly of CNBC.
Q3 2016 Hedge Fund Letters
Elliott Dislikes Litigation; Demands Derivatives ..
As President-elect Donald Trump takes office, he will be an economy that is generally acknowledged to be in the latter stages of a bull market cycle. With interest rates set to rise, some are expecting acceptable price-earnings multiples to re-adjust and the US dollar could significantly appreciate against foreign currencies. All these components could negatively impact the markets going forward.
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