Financial Time (Free subscription) | 07/23/2008
John Paulson, who recorded what was thought to be the single biggest profit in the history of the hedge fund industry last year by betting on a financial collapse, is planning a new fund to provide capital to cash-strapped banks
Information Processing (Free subscription) | 07/23/2008
John Paulson made $15 billion for his fund ($3.7 billion for himself!) betting against subprime securities last year. Now Bloomberg reports that he's ready to get back in on the upside! I'm as bummed as anyone else about taxpayer dollars going to bail out mortgage holders, commercial banks and the GSE's (Fannie, Freddie). I complained about Fannie back in 2004 when Franklin Raines was...
Wall $treet Folly (Free subscription) | 07/23/2008
The early rounds of rescue financing for the banks and brokers hurt by the sub-prime credit markets implosion have so far produced big red catch-a-falling knife gashes for those brave enough to pony up. Now, one of the funds that...
DealBook (Free subscription) | 07/23/2008
Paulson & Company, the hedge fund firm whose founder, John Paulson, made a mint on bearish housing bets last year, is starting a fund to provide capital to financial firms hurt by mortgage writedowns, Bloomberg News reported. Bloomberg said the fund hasn’t set a fund-raising target but hopes to open as soon as December. Go to [...]
The Big Picture (Free subscription) | 07/23/2008
There is no small amount of irony in this: "John Paulson, the money manager whose wagers against the U.S. housing market helped him earn an estimated $3.7 billion last year, is now seeking to profit from Wall Street's search for capital to offset mortgage writedowns. Paulson plans to open a hedge fund by December that will invest as the world's biggest banks and brokers add to...
The Curious Capitalist (Free subscription) | 07/23/2008
John Paulson, the hedge fund guy who made the spectacularly dead-on bet that the market for mortgage securities would go haywire last year (and took home a paycheck in the vicinity of $3.7 billion in the process), is planning a new fund that would invest in financial companies. The fund would "provide capital to financial firms hurt by mortgage writedowns," Bloomberg reports (via Trader...
Climateer Investing (Free subscription) | 07/23/2008
From Bloomberg: John Paulson , the money manager whose wagers against the U.S. housing market helped him earn an estimated $3.7 billion last year, is starting a hedge fund to provide capital to financial firms hurt by mortgage writedowns.... ...`` Paulson has significant knowledge of the subprime market that has created earthquakes for the banks,'' said Ron Geffner , who represents...
Forbes (Free subscription) | 07/21/2008
John Paulson isn't using borrowed money to invest this year, and all his funds are up. He sees more pain ahead.
Daily Intelligencer - New York Magazine (Free subscription) | 07/22/2008
Philip Falcone and John Paulson Photo: Reuters, Patrick McMullan It's been a grim year for hedge funds, but today's Wall Street Journal takes a look at a few of the hedgies who "tore it up" last year (uh, Journal ?) and found that some of the guys who made big money in 2007 have come back for seconds. Below, the lucky few. John Paulson : Earlier this year, the Queens native...
The Street (Free subscription) | 07/22/2008
Here's how super investor John Paulson did it. Now it's your turn.
DealBook (Free subscription) | 07/22/2008
Despite tough market conditions and a new rules aimed a curbing certain short-selling practices, some of last year’s hedge fund winners are coming out smelling like roses, The Wall Street Journal reported. John Paulson’s Paulson & Company is up as much as 20 percent in some of his hedge funds through June 30, according to The [...]
Boston Globe (Free subscription) | 07/19/2008
... in power. Icahn, 72, has recruited BP Capital LLC chairman T. Boone Pickens and hedge fund manager John Paulson in his campaign to unseat the directors and force Yahoo to strike a deal with , which wants to buy Yahoo's search business."The issue isn't so much enormous support of the current board and Jerry Yang so much as it is a lack of confidence that Icahn is a better alternative,"...
