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Fearing Recession, Billionaire Investor Paul Singer Creates $5 Billion Rainy Day Fund

Posted on May 30th, 2017.

Paul Singer, a billionaire investor, has created a $5 billion rainy day fund to protect himself from a disaster awaiting Wall Street, according to Marketwatch. Singer runs Elliot Management, a $33 billion hedge fund. He recently advised investors in a letter that low volatility is ahead for stocks, which will see values move higher for a...