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Inside Elliott Management: How Paul Singer's Hedge Fund Always Wins

8 monthes ago   |   By

If not for the watermelons, Elliott might have won in Korea.
In the summer of 2015, the activist hedge fund founded by Paul Singer had gone to war in the Republic of Samsung to stop the South Korean conglomerate from going through with what Singer considered to be an unfair deal. Elliott Management, the hedge fund that Singer launched 40 years ago and still leads today, was then a large investor in Samsung's construction division. The trouble started when Jay Y. Lee, the son of the coma-bound chairman of the Samsung chaebol, started to consolidate power over Korea's biggest company. When...
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North Korea says war on the Korean Peninsula is inevitable

North Korea says war on the Korean Peninsula is inevitable

8 monthes ago   |   By

SEOUL, South Korea - North Korea says a nuclear war on the Korean Peninsula has become a matter of when, not if, as it continued to lash out at a massive joint military exercise between the United States and South Korea involving hundreds of advanced warplanes. In comments attributed to an unnamed Foreign Ministry spokesman, North Korea also claimed high-ranked U.S. officials, including CIA Director Mike Pompeo, have further confirmed American intent for war with a series of "bellicose remarks." Pompeo said Saturday that U.S. intelligence agencies believe North Korean leader Kim Jong Un...
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North Korea says US threats make war unavoidable on Korean Peninsula

8 monthes ago   |   By

U.S. military drills and threats against Pyongyang have made war on the Korean Peninsula "an established fact", North Korea's foreign ministry said.
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