On Feb. 24, the Citizens Committee for New York City, a civic group founded in 1975 at the apex of the city’s fiscal crisis, honored the legal giants David Boies and Ted Olson. Paul Singer, the CEO of Elliott Management, presented them with the New Yorker for New York Award. Below are Mr. Singer’s remarks. Read More
Developer Francis Greenburger of Time Equities has secured $400 million in financing to move forward with a Helmut Jahn-designed downtown Manhattan residential tower at 50 West Street.
The Wall Street Journal reported last night that the financing gives the developer the go to begin construction on the long-stalled 63-story residential project, which will overlook Battery Read More
Twenty-five years after the Black Monday stock market crash of 1987, the potential for a catastrophic plunge remains, says Bloomberg. The Wall Street Journal looks back at the articles it published on the week of Oct. 19, 1987.
It seems the Times has also seen a “bootleg” copy of Greg Smith’s Why I Left Goldman Sachs, and its take is in line with what we’ve read of the book so far: “Long on Mr. Smith’s reminiscences of the pleasures of the job—handmade suits, sashimi at 30,000 feet, strawberries at Wimbledon—the former Goldman salesman’s book does not break much new ground on illegal or questionable financial practices at the firm.”
Bill Gates and former United Nations Secretary General Kofi Annan are among the friends of Rajat Gupta who have penned letters to Judge Jed Rakoff seeking leniency when the convicted insider trader is sentenced later this month.
A lobbying group backed by Elliott Management’s Paul Singer enlisted the American Agriculture Movement, the American Read More
Naval enthusiast Paul Singer of Elliott Management and secretive Mexican financier David Martinez are still battling in court, according to The New York Times. Mr. Martinez is said to have a $140 million painting by Jackson Pollock in his Time Warner Center apartment, but no one is willing to stake their name on it. Also Read More
A lawyer for the Argentina navy told a court in Ghana it would not pay Elliott Management $20 million for the release of the ARA Libertad, a training vessel used by the South American country’s navy. Elliott, the hedge fund managed by Paul Singer, seized the sailing ship last week in attempt to make good Read More
Former Goldman Sachs and UBS trader Haim Bodek went to the SEC after he learned that exchanges were offering some high-frequency traders a way to get their trades processed ahead of ordinary investors, according to The Wall Street Journal.
Goldman Sachs’ Chief Financial Officer David Viniar will retire at the end of January, Read More
Elliott Management, the nation’s leading Republican-donor hedge fund and avowed enemy of journalists who dare to contemplate publishing its documents, today dropped its court motion against hedge fund trade magazine AR: Absolute Return + Alpha. AR itself has the story.
On August 19, Elliott had petitioned the New York State Read More