October 17, 2017

Are Hedge Funds Good Guys or Bad Guys?

Are hedge fund managers good guys or bad guys?

Who says you can’t change world events? Tell that to Paul Singer, a “soft-spoken” hedge fund manager in New York. Singer’s Elliott Management is among some investor hold-outs in Argentina’s debt restructuring. Although recent news has centered around Greek debt and the hedge funds involved in the hold-out there, there is a much older battle […]

Greenlight Capital’s David Einhorn Plays Europe’s Game

David Einhorn, an avid poker player, plays Europe's game in changing his sovereign debt strategy

David Einhorn, the manager of the hedge fund Greenlight Capital, and an avid poker player, has wagered a safer bet on sovereign debt. European governments have rewritten the rules so that even if countries like Greece or Italy default on their debt, they won’t really default. That means that credit default swaps, which make money […]