Ann Marie's New Friends, (continued) or What on Earth Would Paul Singer of Elliott Management and Elliott Associates Have in Common with Tea Partiers of Upstate New York?
Please meet Paul Singer who, along with several colleagues at hedge funders Elliott Management and Elliott Associates, contributed many thousands of dollars to AMB's 2010 campaign. Why? Does Singer originally come from Wayne County and have an earnest love for his home and roots?
Has he even heard of Wayne county, or Cayuga or Monroe (well, actually yes; he received his B.S. from UofR) or Onondaga counties?
Singer is a hedge fund trader, and this is from his bio in Wickipedia:
Some of Elliott’s distressed securities trading has been in sovereign debt, most recently those of Argentina and Congo-Brazzaville, through its association with the 'Kensington International' fund. In 1995, Elliott bought $20 million face value of defaulted Peruvian bank debt. After extensive litigation proceedings Elliott won a court award of $58 million for these debts, including past due interest. More recently Elliott bought $32.6 million in loan debt incurred by Congo-Brazzaville, allegedly for less than $2.3 million.[4] In 2002 and 2003 a British Court awarded Elliott more than $100 million for these debts, $39 million of which was subsequently recouped by interception of proceeds of the sale of oil by the Congo to Glencore International, a Swiss commodities and raw materials supplier.[5]
Singer's full Wikipedia bio:http://en.wikipedia.org/wiki/Paul_Singer_(businessman)
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