Paul Singer Founder & Principal, Elliot Associates

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He is hardly your average movie investor. He cultivates his privacy, and he heads a $13 billion hedge fund that, unlike those run by Carl Icahn and others, rarely mounts a proxy fight. But while most Hollywood bankers have turned off the money spigot, billionaire Paul Singer’s Elliott Associates appears to be stepping up its investments. Last year the firm lent money to film investor Ryan Kavanaugh, who is providing financing for as much as 75% of Universal Studio’s films through 2011. In recent days movie moguls have been buzzing that the hedge fund could be eyeing a play for the debt-hobbled MGM studio by buying up a small piece of the iconic film company’s nearly $4 billion in debt.

It would be easy to pass off Singer as another well-heeled investor who has trooped into Hollywood since the days of Howard Hughes only to be sent packing after getting skinned by an industry where profits are sometimes as illusionary as the stuff they put on screen. source

Resource #2: Elliott Management Corporation manages the Elliott Associates, L.P. hedge fund and its offshore equivalent the Elliott International, LTD hedge fund. The firm uses an opportunistic approach and invests in different types of vehicles depending on market conditions including common and preferred stocks.
The firm tends to focus on distressed opportunities in industrial stocks, real estate, emerging markets debt, and private placement convertibles. The firm often takes an active role in its investments, seeking to unlock shareholder value. Elliott uses relatively little leverage.
On May 24, Elliott Associates disclosed a 6.3% stake in Packeteer (PKTR) in a SC 13D filing. Elliott believes the PKTR Board should be directing its attention to a prompt sale of the Issuer. Here is an excerpt from the filing: Read More>>