Despite reports to the contrary. Nueva York it is.

John Paulson, the New York hedge- fund manager said to have considered a move to Puerto Rico, said he won’t set up a permanent residence on the island. “In light of the media attention surrounding a relocation to Puerto Rico, he has no plans to move to Puerto Rico,” Paulson & Co., John Paulson’s hedge fund, said today in a statement. “While Mr. Paulson has considered real estate investments and has vacationed on the island, he has no plans to establish a permanent residence there.” Bloomberg News reported March 11 that Paulson, a lifelong New Yorker, had been exploring a move to Puerto Rico, where a new law would eliminate taxes on gains from the $9.5 billion he has invested in his own hedge funds, according to four people who have spoken to him about a possible relocation. The 57-year- old recently looked at real estate in the exclusive Condado neighborhood of San Juan, the people said.

[Bloomberg, earlier]

Comments (14)

  1. Posted by Deleveraging | March 15, 2013 at 1:14 PM

    Condado = Washington Heights + Palm Trees

  2. Posted by DingALing | March 15, 2013 at 1:17 PM

    "I didn't want to pay so much in taxes that it covers the Fire Departments and Police staff of the upper east side, but I felt I….owed it to them"

    J. Paulson

  3. Posted by Dr_Rosenrose | March 15, 2013 at 1:20 PM

    No worries, he'll be out of capital gains soon.

  4. Posted by Guest | March 15, 2013 at 1:24 PM

    I would think he has enough capital losses to offset by now.

  5. Posted by guest | March 15, 2013 at 1:29 PM

    Am I the only person who keeps getting redirect to a survey every time I click into posts?

  6. Posted by IT Expert | March 15, 2013 at 1:44 PM

    You have a virus.

  7. Posted by Guestofaguest | March 15, 2013 at 2:08 PM

    Cla-ire! Answer the question!

  8. Posted by Jim Lahey | March 15, 2013 at 2:22 PM

    Working as Paulson's PR manager must be a blast.

  9. Posted by Guest | March 15, 2013 at 2:29 PM

    "The problem with Scotland is that its full of Scots" – Edward Longshanks

  10. Posted by ILoveLamp | March 15, 2013 at 2:36 PM

    It's easy to smirk
    and look like a jerk
    when you've lost all your LP's net gains

    But the hedgie worthwhile
    Is the one who can smile
    When the world sees he's got shit for brains

  11. Posted by WTF__k | March 15, 2013 at 3:07 PM

    How does a girl describe her new Puerto Rican boyfriend to her parents? As a "Spaniard".

    – joke heard from a Cuban who's also the most beautiful woman I've ever met

    (examining motives, and if necessary, will show self out)

  12. Posted by Read as | March 15, 2013 at 3:29 PM

    Wife nixed the whole school with ricans thing.

  13. Posted by Allez-oop | March 18, 2013 at 10:47 AM

    Like France and the French.

    just saying

  14. Posted by ioana | April 8, 2014 at 6:41 AM

    A true blood new yorker can never leave the city. I think it's the same with every big city. I know I couldn't leave mine.