Paul Elliott Singer is an American billionaire and hedge fund manager who founded Elliott Management in 1977. The activist investor has been frank in his warnings about the upcoming market crash amid the Federal Reserve’s policies which he believes are too easy. Singer attributed the success to his “portfolio-protection trades” related to interest rates and gold, along with his fund’s “core activities” like buying distressed debt, equity activism, and private equity. Singer was born in New Jersey to Jewish parents.
Insider Monkey gives a list of Paul Singer’s 10 Best New Stocks to Buy in 2021. The analysis is on the new positions initiated by Elliott Management in the fourth quarter of 2020. According to billionaire Paul Singer, Canada-based mining company Franco-Nevada ranks 10th in our list of best new stocks to buy as Elliott Management initiated a new stake in the company in the fourth quarter. Elliott Management built a new stake in Eaton Vance Senior Floating-Rate Trust in the fourth quarter, making the fund one of the best new stocks to buy according to billionaire Paul Singer. The firm said that its data shows that Pinterest, Inc. might have a surprise for bearish investors. Eaton Vance is also getting the attention of the smart money, as 7 hedge funds tracked by Insider Monkey reported owning stakes in the company at the end of the fourth quarter, up from 6 funds a quarter earlier. Social media company Snap is one of the best new stocks to buy according to billionaire Paul Singer. The firm likes the stock because of its “unique” position to benefit from social commerce, video and augmented reality. Snap stock also received a bullish outlook from Atlantic Equities, which upgraded the stock citing attractive valuation. Click to read details of The 10 Best New Stocks to Buy According to Billionaire Paul Singer.
