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10 Best New Stocks to Buy in 2021 According to Billionaire Paul Singer Paul Elliott Singer is an American billionaire and hedge fund manager who founded Elliott Management in 1977. As of the end of 2020, the fund has $73.5 billion in assets under management and $10.25 billion in managed securities. The fund has posted annualized gains of about 13% in its 44 years, beating the S&P 500 Index. Singer, 76, is often called a “vulture capitalist” because of his strategy of buying distressed debt from troubled companies and sovereign states and going after them through courts and litigation. Labeled by the Fortune magazine as one of the “smartest and toughest” money managers in the hedge fund industry, Singer’s worth stands at $4.3 billion. ....