John Paulson

John Paulson

John Paulson is a billionaire owner of a hedge fund that is now the fourth-largest owner of Bank of America. Find more John Paulson news and information here.

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Written by dcreynolds on
New York (HedgeCo.net) – According to investors, hedge fund manager John Paulson, of the $12.5 billion Paulson & Co. has plans to launch a fund dedicated to buying up shares of bullion-related investments. The Wall Street Journal reports that the gold fund will aim to outperform gold prices, by investing in gold-related shares and derivatives. Paulson currently has more than 10% of his $30 billion or so under management in gold-related investments, according to his investors. “Gold has gone up 10% since the start of the month,” Andrew Schneider, co-founder of HedgeCo Networks, said, “Investors may also see gold as a hedge against US ... Read Full Story
Written by dcreynolds on
New York (HedgeCo.net) – According to a regulatory filing, Hedge Fund manager John Paulson’s of the $12.5 billion Paulson & Co. bought 300 million shares of Citigroup worth $1.45 billion. This move puts Paulson & Co. alongside other hedge funds such as Appaloosa Management LP who acquired 79.7 million Citigroup shares in the third quarter of 2009. Bloomberg.com quotes Warren Marcus a former Salomon Brother analyst who is cautious about bank plays and speculates that banks may be less profitable going forward since they are using less leverage and will have to abide by stricter regulations. “You could make a case that you have ... Read Full Story
Written by Jake on
John Paulson better be nice to the literally hundreds of dollars we have in savings. John Paulson is a billionaire owner of a hedge fund that is now the fourth-largest owner of Bank of America. The hedge fund had to buy up nearly 168 million in stock worth $2.2 billion in order to do so. From an article at Bloomberg: Billionaire John Paulson’s hedge fund bought 168 million shares of Bank of America Corp. in the second quarter, a regulatory filing showed today, becoming the lender’s fourth-largest shareholder. Paulson & Co.’s stake in the Charlotte, North Carolina- based bank was valued at $2.2 billion ... Read Full Story
Written by Jake on
Wikizines are interactive magazines that anyone can create or edit - and this one is called "John Paulson ". Here you can find fresh voices and respond in real time. Some members write articles about recent news and trends related to the wikizine's topic, others recount relevant personal stories or share their favorite pictures and video clips. Got an interesting idea or story to share with other members of this wikizine? Well, then put on your journalist's cap and add your own article! Read Full Story
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Best of TSC-TV: NEW YORK (TheStreet) -- Gregory Zuckerman, author of the new bestseller The Greatest Trade Ever, details how hedge fund manager John Paulson trumped George Soros with the most profitable trade in Wall Street history. 11/17/09  
From thestreet.com ()
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John Paulson was recently quoted as saying that he believed Bank Of America (BAC) would double in value by 2011. He expects BAC to earn $27.2 billion in 2011. With nine billion shares outstanding this would equal an EPS of three for BAC, at a 10X multiple that translates into a $30 stock. Meredith Whitney stated shortly afterwards that she thought banks were grossly overvalued. She stated that while it is possible that BAC will double in value...  
From seekingalpha.com ()
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David Shvartsman submits:It's been a big week for the cottage industry of John Paulson-watching. The Paulson & Co. fund manager is set to launch a dedicated gold and gold mining equity-focused fund at the start of next year, in which he'll invest $250 million of his own money. You may recall that Paulson's earlier forays into gold ignited a new rush into gold by hedge funds and investors piggybacking on the trades of sophisticated hedge fund...  
From seekingalpha.com ()
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NYU Stern announced today that alumnus John Paulson (BS ?78), founder and chairman of hedge fund Paulson ;amp; Co., Inc., has given a gift of $20 million to NYU Stern John Paulson?s gift will endow two faculty chairs ? the Alan Greenspan Chair in Economics and the John A.  
From ad-hoc-news.de ()
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One of the most anticipated books of the global financial meltdown just got a bit of public relations problem. The book, The Greatest Trade Ever, written by Wall Street Journal writer Gregory Zuckerman, due to hit bookshelves tomorrow, details the story of hedge fund operator John Paulson's now ...  
From businessweek.com ()
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The conversation we might have had with rock-star hedge-funder John Paulson over Instant Messenger today, if we were like, bros. Paul-Money: Yo. Daily Intel: Hey PaulDiggity Paul-Money: Whassssup Daily Intel: I was just IMing with this friend of mine (you don't know her, she's poor) and she was like, "I'd hate to be one of those people people say has failed upward." Daily Intel: And at first I agreed, because it's true, that is a...  
From nymag.com ()
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John Paulson, the US hedge fund manager who earned billions with savvy bets on the collapse of the US sub-prime mortgage market, doubled his stake in Cadbury on the same day the confectioner rejected a takeover bid from Kraft, the US food group.  
From timesonline.co.uk ()
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Trader Mark submits:I keep looking for something that marks at least an intermediate term top in gold, i.e. a "magazine cover" indicator, like when everyone is on the same side of the trade and even your barber starts talking up gold stocks. This doesn't mean the thesis is not correct in the long run, but let's keep an eye out.The latest bit of "piling on" in the gold trade comes from infamous hedge fund manager John Paulson, who already...  
From seekingalpha.com ()
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Billionaire hedge fund manager John Paulson is launching a new gold fund from Jan 1 that will include $250m of his own personal investment, reports the WSJ. The fund will focus on shares of gold miners and other bullion-related investments, according to three investors. Paulson discussed the new fund at a meeting with his investors in New York on Tuesday....  
From ftalphaville.ft.com ()
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Stocks are slightly lower in early trading after some weaker than expected housing data weighed on sentiment. The standout so far in this down tape are the bank stocks, which are bucking the weakness and trading solidly in positive territory.The leading stock is Bank of America (BAC), which is up +3.2% this morning and getting closer to testing its overhead 50-day average. Volume is picking up nicely as well. I haven't seen the story yet...  
From mymoneylife.blogspot.com ()
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