BOSTON — Paul Singer's Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% for the year through the first quarter, according to an update sent to clients on Friday and seen by Reuters. A spokesman for New York-based Elliott Management Corp did not immediately respond to an email seeking comment. What drove the gains amid the coronavirus-driven market rout was unclear. Elliott invests in various types of securities and has recently engaged in activist-style bets on SoftBank Group Corp, Marathon Petroleum Corp and Twitter Inc.Elliott, founded by Singer in 1977, is one of the world's largest and best performing hedge fund firms, with $40.5 billion under management as of Dec. 31, according to a recent regulatory filing.

Source: International New York Times April 04, 2020 00:33 UTC