Exclusive: Hedge fund Elliott says stocks could fall 50% from February highs – letter

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BOSTON (Reuters) – Billionaire Paul Singer’s Elliott Management said global stocks could tumble more — ultimately losing half of their value from February’s high — as the world braces for the deepest recession since the 1930s-era Great Depression, according to a letter sent to clients on Wednesday and reviewed by Reuters.

FILE PHOTO: Paul Singer, founder and president of Elliott Management Corp, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake

The New York-based hedge fund firm, which controls $40.4 billion in assets and whose views on markets and economics are closely watched by

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