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Elliott Posts Solid Results, Defends Activist Strategy

The hedge fund firm easily beat the S&P 500 despite mixed equity-trading performance.

Paul Singer’s two hedge funds — Elliott Associates and Elliott International — posted respectable gains of 2.5 percent and 2.2 percent, respectively, in the first quarter. This easily beat the Standard & Poor’s 500 index, which rose 1.8 percent.The New York hedge fund firm said in a quarterly letter that

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