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The Business Insider (Free subscription) | 11 hours ago
To us what's most impressive about hedge fund manager John Paulson is that after making an uber-bearish bet that made him billion, he successfully parried the changing winds and made profits on the way up. Other mega-bears stayed mega-bearish and have seen their reputations blown to smithereens. But BusinessWeek has another view, arguing that the man who performed the greatest trade ever is now just...
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1913 Intel (Free subscription) | yesterday
THERE has been no shortage of books about Wall Street leaders who made billions of dollars disappear in the financial crisis. But as the Wall Street Journal reporter Gregory Zuckerman writes in “The Greatest Trade Ever,” (Broadway Books, 295 pages) the financial crisis was a goldmine for a small group of investors. One of them, [...]
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Abnormal Returns (Free subscription) | 9 hours ago
Don’t fool yourself thinking that a change in management will rescue a bad business. (WSJ) Has John Paulson taken his foot off the gas? (Clusterstock) Expect more stories of woe from hedge fund managers who bet against a stock market rally in 2009. (NYPost) The stocks are the “ultimate stock-pickers” buying and selling. (Morningstar) High quality stocks are wicked [...]
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New York Times (Free subscription) | yesterday
A book by Gregory Zuckerman, “The Greatest Trade Ever,” tells how John Paulson bet against the mortgage market and made billions of dollars.
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gary-weiss.com (Free subscription) | yesterday
Wow, third item in a row on BusinessWeek. OK, anyone not interested can pass this one by, but I think that the transformation of the largest-circulation business magazine is of some significance ( and I'd feel that way even if I hadn't worked there for eighteen years ). The first issue of "Bloomberg BusinessWeek" is on the stands, and it already provides a sneak peek at how the magazine is...
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Daily Intelligencer - New York Magazine (Free subscription) | 12/04/2009
What our IM conversation with the billionaire hedge-funder would have been like today, if we were, like, pals. Paul-Money : What up D.I. Daily Intel: Hey JP Paul-Money: What's going on, little person? How's the daily struggle for survival? Daily Intel: I just got this annoying letter from Citigroup. They said they were going to vary my interest rate depending on how much I use my card , and if I didn't...
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BloggingStocks (Free subscription) | 12/04/2009
Filed under: Kinross Gold (KGC) , Commodities There's nothing like a quick profit. Hedge fund manager, John Paulson, made $45.3 million in five weeks in a single gold trade. Bloomberg reports he owns 10.3 million shares of Detour Gold ( DRGDF ). Since purchasing the shares in October, they soared 35% to close at CAD $18 per share in Toronto. Paulson, who manages $30 billion, has invested heavily in...
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The Business Insider (Free subscription) | 12/04/2009
Investors are selling off gold after better than expected U.S. unemployment data. Note how gold tanked right after the jobs data was released. 13:29 shown in the image to the right corresponds with 8:29 A.M. in the U.S.. Also, the dollar concurrently jumped right after the jobs data came out. Yet despite this dollar strength, stocks are up strong today with the S&P 500 gaining 1.5%. There goes...
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SeekingAlpha.com (Free subscription) | 12/04/2009
Market Folly submits: This is the third quarter 2009 edition of our hedge fund portfolio tracking series. If you're unfamiliar with tracking hedge fund movements or SEC filings, check out our series preface on hedge fund 13F filings . Next up in our series is current hedge fund icon John Paulson. If you are unfamiliar with Paulson & Co, then here's what you need to know. Before the trade that...
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The Business Insider (Free subscription) | 12/03/2009
Even China -- which is obviously embarking on a long term plan to dump dollars, and move its reserves into hard assets -- is unnerved by the surge in gold. Telegraph : Hu Xiaolian, the vice-governor of the central bank, said Beijing would not buy gold indiscriminately. “We must keep in mind the long-term effects when considering what to use as our reserves,” she said. “We must watch...
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Business Week (Free subscription) | 12/03/2009
After his storied killing betting against subprime, the hedge fund hero is eking out so-so returns
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The Huffington Post (Free subscription) | 12/03/2009
Hedge fund billionaire John Paulson may have made about C$46.4 million ($44 million) in less than five weeks from his stake in Detour Gold Corp., his latest reported investment in a gold company. More on Henry Paulson
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GuruFocus Updates (Free subscription) | 12/03/2009
By guruek. (GuruFocus, December 3, 2009) Yahoo! Financial has a two-part series (Part 1 and Part 2 on John Paulson, the second part of which deals with his next big bet on Gold. Read more » »
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DealBreaker (Free subscription) | 12/03/2009
For those of you shitting your pants when Gasparino breathlessly did 'a phoner' on CNBC last night because you thought John Paulson's ' BofA will triple by the end of 2011 ' prediction would be compromised - not to worry - not right now at least. Bank of America - Troubled Asset Relief Program - Business - John Paulson - Citigroup
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SeekingAlpha.com (Free subscription) | 12/03/2009
Market Folly submits: Dealbook has the latest investor letter from John Paulson's hedge fund firm Paulson & Co. Paulson's third quarter 2009 letter gives us an inside look at some of the hedge fund's portfolio holdings as well as a performance update on its hedge funds. Unfortunately, the tools for the document have been disabled so you have to view it via the embedded version below (we recommend...
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