2016-01-26bloomberg.com

John Paulson, the hedge fund manager struggling with uneven returns since his windfall wager against U.S. housing in 2007, is turning to his own fortune to help backstop his firm.

...

Paulson shot to fame and made a profit of $15 billion nine years ago when the subprime mortgage market collapsed, setting off the global financial crisis. The firm's net assets under management peaked at $38 billion in early 2011, before clients started pulling out amid losses.

Paulson has been a big buyer of gold and gold-related investments, which of course have been smashed since 2011.



Comments: Be the first to add a comment

add a comment | go to forum thread