US BILLIONAIRE TO INVEST IN HIGH-TECH
AN AMERICAN billionaire and hedge fund manager has pledged to invest millions of dollars in Israel’s high-tech industry.
Paul Singer, who runs the hedge fund Elliott Management, has already invested £13 million over recent years to create a non-profit organisation, Start-Up Nation Central.
He now hopes to attract international investors and officials, and counter the Palestinian-led boycott movement.
The official leading the foundation will be Eugene Kandel, former chairman of the Israeli National Economic Council.