(The Business Insider) Paul Singer, the billionaire founder of $27 billion hedge fund Elliott Management, went off on the structure of financial markets in his fund’s latest letter. Technology and financial engineering have altered the way the markets work in a way that’s troubling, Singer wrote in the 16-page, third-quarter report. Singer cites events like August 24— when the CBOE volatility index (VIX) hit its highest level in four years as markets got clobbered:…..
Paul Singer: Everything in the market is more dangerous than it used to be
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