Jay Newman’s 2022 novel “Undermoney” is inspired by his time at hedge fund Elliott Management. The plot reflects his role in Elliott’s legal battles over Argentina’s defaulted debt, using aggressive tactics to force Argentina into a settlement. Parallel to the novel, an Israeli private investigator, Amit Forlit, was under investigation by U.S. authorities for allegedly hacking Argentine officials’ emails to help Elliott’s case. Neither Elliott nor Newman have been charged with wrongdoing, but they are investigated for whether they knew about Forlit’s actions. Newman, who left Elliott Management in 2016, denies any illegal conduct and defends the novel as fictional, although it closely reflects his career in high-stakes finance. The book has sparked controversy, especially within Elliott Management. Staffers were not to bring the book into the office or discuss it with clients. https://www.wsj.com/finance/investing/hacking-elliott-argentina-debt-ae0b8c45
Financier Who Wrote Crime Novel Now Being Questioned
