As a part of the most recent Q2 letter to the investors Paul Singer from Elliott Management went into detail about the company’s portfolio. He discussed risk, and risk management, creating an investment team, and which way to take - opting for new risks, or moving to cash.
Elliott Management Meticulous Focus On Risk
Singer points out the importance of hedging as an effective measure of risk control. However, in his opinion hedging is not enough to prepare your portfolio for risk. In a situation when the hedge is used as a...