Paul Singer Chats With David Rubenstein

Paul Singer of hedge fund Elliott Management sat down with Carlye Group co-founder David Rubenstein to chat at Bloomberg Invest New York.

They talk about how Singer founded Elliott, investing, and more.

Elliott manages $34 billion now and started in 1977 with $1.3 million.  Singer was a practicing lawyer at the time but started with friends and family money as he found investing much more enjoyable.

Convertible bond hedging was the first strategy Elliott used for around ten years. (Elliott, by the way, is Singer's middle name).  Over 40 years, Elliott has compounded at 13.5% net.

Embedded below is the video of Singer's chat with Rubenstein:



For more profiles of prominent investors, check out Howard Marks' recent interview with Bruce Karsh.

Carlyle Group's David Rubenstein on Wall Street Week

Anthony Scaramucci's rebooted Wall Street Week this time around interviewed Carlyle Group's co-founder David Rubenstein. 


Embedded below is Wall Street Week's interview with David Rubenstein:



Be sure to also check out Wall Street Week's interview with Steve Einhorn, who recently said there's 'more years' left in the current bull market.  We've also posted up Byron Wien's interview as well.

Opportunistic Credit Roundtable: Alpha Hedge West Conference

Next up in our series of notes from the Alpha Hedge West Conference is the Opportunistic Credit Roundtable featuring Emanuel Friedman of EJF Capital, Andrew Springer of Marathon Asset, Ronnie Jaber of Carlyle Group, and Avery Kiser of Neuberger Berman Alternatives.


Opportunistic Credit Roundtable

EF> Banking going through greatest changes since the 1930's.  Financials are being turned into utilities by turning them 100% capital requirements.  

AS> Regulation is creating dislocations in markets.  GSEs responsible for 90% of mortgage originations.

RJ> Direct lending is an area of opportunity.

EF> Change with Fannie and Freddie will be greatest change ever in mortgage market.

Moderator Mark Okada (Highland Capital) > How are people addressing rising rates?

AS> Hard to predict long end of curve.  Focusing on trends less impacted by long end of curve like distressed debt.  Likes credit.  Stay away from duration.

EF> Sees all as regulatory trade. Wants bank or insurance companies to buy it from them.

RJ> Technicals bad on high yield.  Likes floating and credit.  Munis are largely retail driven.  Lots of volatility and lack of strong bid.

Be sure to check out the rest of our summary of the Alpha Hedge West Conference.