Billionaire hedge-fund honcho Paul Singer is still riled about losing control of Argentina’s naval training vessel, the Libertad, after a UN court told Ghana to release the ship in December.
“Argentina grabbed its ship and skipped town,” Singer told Elliott Management investors in his latest year-end letter, dated Jan. 28, which The Post has obtained.
Singer’s sour view on the ship episode — which captivated the world community last fall when Ghana detained it to satisfy his claims against Argentina — contrasted with what he wrote earlier.
In October, Singer told investors he “did not purchase [Argentinian] debt in order to acquire a ship too large to sail in the Long Island Sound.”
Elliott International ended up 12.4 percent, trailing the S&P 500, which rose 16 percent.
Singer told investors the lower return is because he has to pay “expenses, fees, trading costs and hedging losses.”