activist investor Paul Singer is Founder, President and Co-CEO of Elliott administrationwhich was founded in 1977. Singer’s total net worth is estimated at $5.5 billion, making it his biggest jump from 2020 to 2021according to Forbes.

In June 2022, Redbird Capital Partners entered into an agreement with Elliott Capital Advisors (part of Elliott Management) to acquire the ailing football club AC Milan.

The deal gives the football club an enterprise value of €1.2 billion and Elliott Capital Advisors retains a minority financial stake in the club and seats on the board.

Here are two high-yielding investments that Paul Singer’s hedge fund is currently shorting.

iShares iBoxx $ High Yield Corporate Bond ETF HYG offers a dividend yield of 5.27%, or $3.76 per share annually on monthly payments, with a mixed track record of growing its dividends.

The iShares iBoxx $ High Yield Corporate Bond ETF tracks the investment results of an index composed of US dollar denominated high yield corporate bonds.

This is one of the most selected high yield ETFs and has exposure to a broad range of US high yield corporate bonds.

During the second quarter, Singer increased his put position in the ETF by 8 million shares, bringing the total position to 10 million shares, or 8.5% of the portfolio.

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Energy Select Sector SPDR Fund XL offers a dividend yield of 3.82%, or $3.06 per share annually through quarterly payments, with a decent track record of a one-time increase in its dividends over the past year. The Fund seeks investment results that, before expenses, are generally consistent with the price and yield performance of the Energy Select Sector Index.

The Index is designed to provide an effective representation of the energy sector of the S&P 500 Index.

During the second quarter, Elliott Management acquired…