Paul Singer Warns of Trouble, and Is Eager to Say ‘Told You So’
- Hedge fund titan cites ‘head-smacking craziness’ in markets
- Singer comments in Jan. 28 letter to clients seen by Bloomberg
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To crypto true-believers, meme traders, and Elon Musk fans, hedge fund titan Paul Singer can’t wait to say, “I told you so.”
Offering a curmudgeonly riposte to today’s raucous financial markets, the 76-year-old billionaire said in a letter to clients of his $42 billion Elliott Management Corp. that a “flamboyant line-up” of excesses will come back to haunt investors. To Singer, who has long warned of an ugly end to the Federal Reserve’s easy-money policies, it’s all just a bit too much.