Paul Singer

A roster of Silicon Valley billionaires and some of the richest Republican donors are writing big checks for Nikki Haley’s run at the 2024 GOP nomination.

Fixed income debt instruments, including bonds, are the backbone of the financial system. It becomes a big problem if and when they are worthless. Billionaire hedge fund manager Paul Singer thinks as much.

A half-dozen potential Republican presidential contenders spent last week peacocking across the sprawling grounds of a pink-hued luxury resort, schmoozing with donors and sizing up the competition in the party’s most fractured field in decades.