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John Paulson's Bad Year

By BlackboxPulse on  From bbpulse.blogspot.com
  The bad times got worse for John Paulson in November, as his Advantage Plus Fund lost another 3.6% even as the S&P 500 rose slightly. The losses, which happened as Paulson significantly cut his net long exposure, brought Advantage Plus' YTD decline to 46%. Paulson's Gold Fund is up 11% YTD, well below gold's 20%+ YTD increase. ( earlier )Read Full Story

John Paulson's Latest Moves

By BlackboxPulse on  From bbpulse.blogspot.com
John Paulson cut his holdings in the SPDR Gold Trust by a third to 20.3M shares in Q3, although ANZ Research "doubts Paulson's gold fever has run its course." Analysts speculated that the hedge fund manager may be transferring into other forms of the metal to better shield his positions or to meet fund redemptions.Read Full Story

£3bn a year! Hedge fund boss's astonishing pay (that's £8.5m a day or £100 for EVERY second)

By Maldivian on  From uwillreadnews.blogspot.com
Biggest payday in history: John Paulson earned £3bn last year - 125,000 times the average British wage of around £25,000 A hedge fund manager is celebrating possibly the biggest payday in history – after earning more than £3billion in a year. John Paulson, 54, made the astonishing pile of cash in 2010 by investing in commodities such as gold and oil, and in developing economies rather than Europe and America. The payout is the equivalent of £350,000 an hour or £100 a second. Mr Paulson’s...Read Full Story

John Paulson's Latest Moves

By BlackboxPulse on  From bbpulse.blogspot.com
Having seen major first-half fund losses, caused in part by a $107M loss on Sino-Forest ( SNOFF.PK ), John Paulson says he was "too aggressive" with some of his investments, and is cutting holdings in banks with heavy mortgage exposure. However, Paulson still likes Capital One ( COF ) and Wells Fargo ( WFC ), which have less exposure.Read Full Story

John Paulson Remains Bullish

By BlackboxPulse on  From bbpulse.blogspot.com
Discussing his firm's recent performance with investors, John Paulson is sticking with his thesis that the economy is doing just fine and stocks remain cheap. He's lost money on his long bank positions, but remains bullish on the sector. Still long gold and the miners, he's especially excited about AngloGold ( AU ).Read Full Story
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Hartford Financial (HIG) reported moderately encouraging earnings ... Well, I think you need to do a much better job of explaining that because Goldman's report is a very good report on a path to separate the business and create what they ...  
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When you’re hedge fund manager who not too long go scored returns of 590 percent and a personal payday of $3.5 billion in a single year, losing 50 percent while being forced to live off management fees can take a toll on the ego. You start questioning ...  
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John Paulson is off to a great start in his quest to get his ... while the leveraged version rose about 5 percent. The gold-denominated versions fared even better, rising 7.4 percent and 9.5 percent respectively, as gold soared during the ...  
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But McGee was pressed on the point by hedge fund heavyweight John Paulson, whose Paulson & Co. is the company's largest shareholder, with an 8.7% stake. "I would say that Hartford needs to do something drastic because the stock is the lowest ...  
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That gives firms such as Paulson & Co., the hedge fund run by billionaire John Paulson, a chance to exit and potentially return cash to investors. Paulson & Co., which owns 9.9 percent, has the right to sell 12.4 million shares. Shareholders ...  
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Jonathan Yates: As detailed in previous articles on www.emergingmoney.com, uber-investors John Paulson and George Soros, both worth billions, took different positions on gold recently. John Paulson sold off part of his SPDR Gold Shares (NYSEARCA ...  
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Paulson began his career at Boston Consulting Group and then left to join Odyssey Partners where he worked with Leon Levy. Later he took a position in the mergers and acquisitions department at Bear Stearns followed by partner status at the mergers ...  
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Uber-investor John Paulson was right to sell gold ( GLD, quote) -- as reported previously on www.emergingmoney.com  -- if other investors are bidding on the shiny metal as an example of "the greater fool theory" in action. The greater fool ...  
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NEW YORK (Dow Jones)--Prominent hedge-fund manager John Paulson excoriated executives at Hartford Financial Services Group Inc. (HIG) on the insurer's quarterly conference call Wednesday, telling them they need to "do something drastic" to boost ...  
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It has taken Griffin, the billionaire founder of Citadel LLC, three years to recover most of the 55 percent he lost for investors in 2008. “With Paulson’s assets, size and longer-term investing style, it’s going to be difficult for him to ...  
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