Elliott Q3 Letter: It’s Going To Be Very Hard To Make Money [Exclusive]

The “extraordinary rout” in UK bond prices suggests that real quantitative tightening is “probably impossible,” argues Elliott’s Investment Management’s latest investor update. Elliott is one of the world’s largest activist investment funds and is managed by Wall Street legend Paul Singer. With around $56 billion of assets under management the firm has the firepower to take on the world’s largest companies, and it has done so several times in the past. In the hedge fund’s third quarter investor update, a copy of which ValueWalk has been able to review, it speculates that the investment environment is only going to become…