Paul Singer’s Flagship Fund Raises $5 Billion in 24 Hours

It reached its goal of $5 billion in commitments the next day and is now turning away requests from investors to allocate more money

“Markets may be in a situation somewhat akin to a coiled spring,” the firm wrote. “We don’t know exactly what factor, event or combination of actions could release the possible pent-up revaluation of markets, but we think that there has never been a larger (and more undeserved) spirit of financial market complacency in our experience.”

Elliott currently runs $32.8 billion, not including the $5 billion in new commitments.

Paul Singer’s Flagship Fund Raises $5 Billion in 24 Hours