Reuters – Hedge fund titan Paul Singer blamed government policies for encouraging traders to make concentrated bets in “overpriced” securities and markets and said it is “nutty” to hold bonds at their current high levels.
Singer, who founded the $25 billion Elliott Management Corp, has long railed against government and central bank policies, blaming years of low interest rates for pushing markets to unjustified highs and pushing the work of structural reforms down the road.
