Exclusive: Hedge fund Elliott says stocks could fall 50% from February highs -letter

BOSTON (Reuters) - Billionaire Paul Singer’s Elliott Management said global stocks could tumble further, ultimately losing half or more of their value from February's high, as the world braces for the deepest recession since the 1930s-era Great Depression.The New York-based hedge fund firm, in a letter to clients on Wednesday seen by Reuters, wrote that the sharp market decline seen between late February and late March "provided a heavy bookend to a dozen years of basically nonstop positive..