CorMedix Inc. (CRMD): Among Billionaire Paul Singer’s Stock Picks with Huge Upside Potential

Maham Fatima

Fri, May 9, 2025, 1:44 AM 5 min read

We precocious published a database of Billionaire Paul Singer’s 10 Stock Picks with Huge Upside Potential. In this article, we are going to instrumentality a look astatine wherever CorMedix Inc. (NASDAQ:CRMD) stands against different banal picks with immense upside potential.

Paul Singer founded Elliott Investment Management in 1977 successful New York. It is 1 of the oldest hedge funds nether continuous absorption and is besides 1 of the largest activistic funds successful the world. It is the absorption affiliate of American hedge funds Elliott Associates and Elliott International Limited. Launched successful 1994, Elliott International Limited has consistently outperformed the S&P 500 scale by ~5 percent points annually since its inception, which is simply a way grounds mirrored by Elliott Associates. Paul Singer earned a BS successful science from the University of Rochester and a JD from Harvard Law School. He past spent 4 years moving successful firm instrumentality firms and the concern slope Donaldson, Lufkin & Jenrette earlier founding Elliott Investment Management. Elliott Management has 38 clients and discretionary assets nether absorption (AUM) of $97.37 billion, according to the Form ADV dated 13 February 2025. The past reported 13F filing for Q4 2024 included $16.66 cardinal successful managed 13F securities and a apical 10 holdings attraction of 82.44%.

Singer has built a estimation connected Wall Street for his assertive tactics that often make important shareholder worth by exploiting weaknesses successful assorted plus classes. His archetypal attack to investing was to people companies and adjacent governments portion purchasing highly distressed debt. In February 2025, Singer appeared connected a Podcast titled ‘In Good Company with Nicolai Tangen’, wherever helium besides discussed what helium believes is the crushed down atrocious investments. While atrocious luck remains a applicable factor, helium believes that these failures effect from oversights and inadequate and/or incorrect hedging strategies:

“Sometimes it’s atrocious luck, but much often it’s (that) we missed something. We missed. Or the hedges weren’t, they weren’t the close hedges. The tracking mistake was overmuch much than we expected. At the opening of my career, 1977 to similar 1987, hedging was overmuch much simple, due to the fact that we were agelong a convertible enslaved and abbreviated the banal into which the convertible was convertible. So that’s precise straightforward. And tracking mistake wasn’t truly a factor. We’ve go overmuch much blase successful hedging, successful creating bespoke hedges for antithetic kinds of trades. But adjacent those don’t enactment retired exactly, you know, each the time. But sometimes, you know, the worst trades, and I don’t caput mentioning them, it’s a benignant of a signifier of therapy and a pedagogical exercise. The worst trades are the trades that you misunderstand the risk. You enactment it into the incorrect category.”