As Paul Singer’s Elliott Management targets iHeartMedia, and the radio station owner fights back with a lawsuit. While it may not be a swashbuckling as commandeering an Argentine naval vessel or seizing the nation’s presidential plane in a sovereign debt dispute, hedge fund manager Paul Singer has established a new target: mainstream radio. Paul Singer bets on iHeartMedia default using credit default SWAPs The well-known distressed debt investor and head of Elliott Management is reported to have purchased credit default SWAPS, betting that iHeartMedia would default on its corporate debt. Legal documents reveal the firm was planning to file a…
Paul Singer Questioned Over iHeartMedia SWAPs Bet
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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