The "most feared activist investor in the world"
Bloomberg charts the rise of Paul Singer, an activist investor who "doesn't worry about his tough reputation. He sees it as a selling point":
- "Aggressive, tenacious and litigious, ... Paul Singer may be the most feared activist investor in the world — by hedge fund rivals, companies and even countries."
- "Singer's Elliott Management Corp. ... has targeted the world's biggest mining company, taken on Warren Buffett in a battle for Texas's largest electricity distributor, ousted chief executive officers on both sides of the Atlantic and set off a chain of events that led to the impeachment of South Korea's president."
- Why it matters: "He started with just $1.3 million from family and friends in 1977, and the fund's investments in equity and debt have since led to at least $93 billion in corporate asset sales and share buybacks."