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Elliott Letter Reports Positive Quarter, Lays Out Portfolio

The hedge fund firm made money in distressed securities, among others, but lost it in credit and equity portfolio-protection trades.

       Paul Singer, Elliott ManagementPaul Singer’s two main hedge funds — Elliott Associates and Elliott International — posted gains of 2 percent and 1.8 percent, respectively, in the second quarter, bringing gains for the first six months to 4.6 percent and 4.1 percent, respectively. The New York multistrategy hedge fund firm said

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