Elliott Assoicates, L.P.
Paul Elliott Singer is the General Partner of Elliott Associates, L.P., a New York based trading partnership which was formed in early 1977 to pursue moderate returns with a high degree of consistency. Elliott's program is composed of an eclectic and opportunistic mix of hedging and trading strategies, including distressed securities. Elliott's approach seeks to both create value and limit risk through a value-added approach which emphasizes trading complexity and manual effort in exchange for risk, as well as a high proportion of positions which are uncorrelated with the financial markets generally. Elliott's compound annual rate of return from inception has been 14.4% net to investors, compared with 12.6% for the S&P 500 in the same period. Elliott's volatility of return has been one-third that of the S&P 500. Total assets under management are approximately $8.5 billion as of September 1, 2007.
Mr. Singer is a 1966 graduate of the University of Rochester with high distinction in Psychology, attended the University of Hull, England, and received a Juris Doctor degree from Harvard Law School in 1969. He practiced corporate and securities law in New York (Kaye Scholer, and Fried Frank) before forming Elliott Associates, L.P. in 1977. Mr. Singer is a Trustee of The Manhattan Institute and a Director of the Jewish Institute for National Security Affairs, as well as a member of the Board of Fellows of Harvard Medical School. He is also a member of the Subcommittee on Alternative Investments at Williams College, as well as an ex officio member of the Investment Committee of the University of Rochester. He is also on the Advisory Board of the James Madison Program in American Ideals and Institutions at Princeton University, and is on the Board of Directors of Commentary Magazine.
Mr. Singer has long been active in Republican politics and fundraising, and is on the Board of the Republican Jewish Coalition. In the second quarter of 2007, he was Eastern Regional Finance Chair of Rudy Giuliani’s presidential campaign.