Billionaire Paul Singer’s Elliott Investment Management is raising billions of dollars in new cash as the hedge fund readies a war chest for new trading opportunities.
The investment firm will take in as much as $7 billion in a fresh fundraising round, according to a person with knowledge of the matter. The money will be called as necessaryed — a private equity-style mechanism the firm has utilized over the years to invest gradually in emerging opportunities, the person stated, questioning not to be identified becautilize the details are private.
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