Jay Newman is a novelist and a former hedge fund portfolio manager who led one of the most notable hedge fund trades in history. He is a forty-year veteran in the field of international finance who has worked as a trader, investment banker, and investor. As a hedge fund manager, Jay’s primary focus was on managing investments in sovereign debt, including the distressed sovereign debt of Latin America, Eastern European, African and Asian countries. Jay retired from Elliott Management in 2018 but came back to the world of sovereign debt recovery in 2021, when he was hired by a group of shareholders of Telecommunications in India, a satellite and Telecommunications company embroiled in a fight with the Government of India. Jay is the author of Undermoney, a financial/political thriller about dark money and global politics.
The campaign, which included the court-approved seizure of an Argentinian Navy ship in Ghana with 200 people aboard in 2012, reached a successful conclusion in 2016.
The Wall Street Journal reported that the settlement to Elliott was for $2.4 billion, “a gain of roughly 10 to 15 times its original investment.”
Undermoney is the first of three books in a series that Jay is developing.
Undermoney offers a savage look at the secret lives of the world’s richest people.