Elliott Tweaks Fundraising Plans

Paul Singer’s multistrategy investment firm is stockpiling dry powder for the next patch of market turmoil.

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Paul Singer’s Elliott Associates is saving up for the next rainy day. The New York multistrategy hedge fund firm, which has $22 billion under management in its two main funds, Elliott Associates and Elliott International, told investors in its July 26 quarterly letter that it is tinkering with its fund raising plans.

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