market folly

*Update: Letter removed per request of representatives from Elliott. Read on at the bottom of this entry if you want another way to view it.

Very in-depth and analytical commentary out of Elliott Management in their recent second quarter 2009 letter to investors. The hedge fund has penned a 24 page letter covering topics of risk management, the automotive industry, regulation, distressed assets, arbitrage opportunities and much, much more. We highly recommend taking the time to peruse through this lengthy and informative hedge fund investor letter.

Elliott Management was founded by Paul Singer back in 1977 and managers over $12 billion today. They typically focus on distressed investments and back in their first quarter letter mentioned that all the government spending and bailout activity could potentially make the economy worse. RSS & Email readers will need to come to the blog to view the embedded letter.


You can try to download the .pdf directly here if the link still works. Do note that the document is hosted by Scribd, not MarketFolly. If you really want to read the letter it is most likely floating around somewhere on Scribd's site.