PAUL SINGER
Elliott Associates

Organization

Inception

1977

Assets
     Current
      Peak

$1.9 billion
$1.9 billion

Edge

Does not like the term "edge," works hard, process-driven activities

Office Location

New York, New York; London, England

Number of People

60

Type of Organization

Portfolio managers, analysts, traders

His Role

Risk manager, input on size

Investment Committee

No

Reward System

Discretionary

Number of Investors

300

Type of Investor

Individuals, fund of funds investors

GP/Principals'
Ownership of Assets

Singer, his family, and principals are largest investors

Endowments
(Source: 1999 NACUBO)

Vassar College

Methodology/
Portfolio Composition

Style

Opportunistic, distressed arbitrage

Number of Positions in Portfolio

200

Trades Taken

No special criteria

Role of United States

Majority

Role of Technology

Small

Role of Private Equity

Similar, but smaller positions

Role of Macro

None

Allocates to Other Managers

No