Elliott’s Singer Says Sell Long-Term Bonds, Sees Inflation Risk
- Singer speaks at Delivering Alpha Conference in New York
- Hedge fund billionaire says fiscal policies needed for growth
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Elliott Management Corp.’s Paul Singer said investors should sell out of longer-term bonds, warning that even debt securities of G7 nations aren’t a safe haven.
Speaking at the CNBC Institutional Investor Delivering Alpha Conference Tuesday in New York, the hedge fund billionaire said he sees a risk that inflation may “surprise everyone’’ and “blow through targets’’ even during poor economic conditions. Singer, 72, said the world is experiencing a “very dangerous” time in global economies and financial markets.