Singer’s Elliott Spars With PE Firm Over Plan to Wind Down Fund

Paul Singer’s Elliott Investment Management Inc. and a Texas private equity firm are at another impasse, this time clashing over how to wind down an oil and gas fund that a judge said last month must be liquidated.

Elliott and Stronghold Investment Management have submitted competing proposals for Delaware Chancery Court Judge Bonnie David to consider, records show. The judge had ordered them to get together and present a plan for winding down two partnerships, one of which Stronghold — which ran the fund — says has 100 other investors.

The parties have butted heads on various parts of ...