Reuters exclusively reports hedge fund Elliot says stocks could fall 50% from February highs

Reuters exclusively reported that billionaire Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February’s high, as the world braces for the deepest recession since the 1930s-era Great Depression. The New York-based hedge fund, which controls $40.4 billion in assets, is closely watched for its views on markets and economics.