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Elliott's Hollywood gamble (Magazine Version)

Paul Singer is using his sharp elbows to take on the movie industry, but has he met his match?

By Imogen Rose-Smith In his now infamous second-quarter 2010 investor letter, Paul Singer, founder and chief executive of $17 billon New York hedge fund firm Elliott Management, made a seemingly innocuous announcement about one of his equity investments: "Relativity Media has announced the appointment of Michael Joe as president." A 15-year

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