Paul Singer is the latest hedge fund manager to take part of the “Giving Pledge.”
Singer, the founder and CEO of New York-based Elliott Management, join eight other families in taking part of the initiative, started by billionaires Bill Gates and Warren Buffett in 2010, where the wealthy promise to donate at least half of their assets to charity.
The other signatories announced by the initiative Tuesday were Lord Ashcroft, Sara Blakely, Monica and David Gelbaum, Craig and Susan McCaw, Stephen M. Ross, Mark and Mary Stevens, Tad Taube and Samuel Yin.
The new members now bring the total number of people who have signed on to 114.
Singer said in a statement that he is “happy and grateful to sign up for such a worthy endeavor,” as the initiative “may improve [the] philosophies of giving and lead to better results for those in need.”
Singer joins others in the hedge fund industry who have taken the pledge including Bill Ackman, Glenn Dubin, John Arnold, Ray Dalio and Julian Robertson.