John Paulson

John Paulson Breaks Baklava With The Men Selling Greece

Greece has heard through the deeply indebted grapevine that Mr. John Paulson is interested in tropical islands. Read more »

  • 06 Dec 2013 at 6:09 PM

Christmas Come Early For John Paulson

Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in November, in part from an investment in Extended Stay America Inc., according to two people familiar with the matter. Paulson’s event-driven Advantage fund surged 13 percent in November and 30 percent this year, said the people, who asked not to be identified because the information is private…Paulson Partners Enhanced Fund, the leveraged version of the firm’s merger-arbitrage strategy, gained 2.3 percent in November and 28 percent this year, the people said. Paulson Partners increased 1.2 percent last month and 16 percent year-to-date. The Recovery Fund, which seeks to benefit from growth in the economy, is the firm’s best-performing strategy in 2013. The fund rose 6.5 percent in November, bringing returns since the start of the year to 55 percent, according to the people. The Paulson Credit Opportunities Fund increased 3.2 percent last month, bringing returns for 2013 to 20 percent, the people said. Paulson’s Advantage Plus fund, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage, rose 6 percent in November and 28 percent this year, according to the people. [Bloomberg]

  • 05 Dec 2013 at 3:02 PM

Greek-Focused Hedge Fund Doing Okay For Itself

John Paulson’s pianos have also helped Dromeus Capital. Read more »

What they lack in numbers they make up for in signage, flyers, and to the point demands (“GTFO”…of your investment in a company that wants to mine gold in a Romanian village). Read more »

Hedge fund manager John Paulson, known for huge gains followed by heavy losses in some of his funds, extended his portfolios’ winning streak in September, leaving all of them with double-digit gains for the year, a person familiar with the numbers said on Monday…Paulson told investors that his Recovery Fund gained 4.2 percent in September and is up 37.8 percent for the year, while the Paulson Enhanced fund gained 3.1 percent and is up 25.6 percent for the year, the source said. Even his Advantage Funds, the firm’s biggest before suffering heavy losses in 2011 and 2012, were up: The Advantage Fund gained 0.9 percent to be up 11 percent for the year, while the Advantage Plus Fund gained 1.2 percent and is up 15.8 percent. [Reuters]

He still loves the stuff. He just doesn’t need to hedge it quite so much anymore, because really, how much lower can it go? Read more »

A couple of ASU grads come up with a golden idea worth celebrating. It’s called 24 Karat Wines, a sparkling wine laced with gold. We were there for the big launch. “Tonight people are going to see what me and my partner Keagan love,” says Nicholas Cower, CEO of 24 Karat Wines. What they love is this sparkling wine created by the pair. “We looked at why do people go out and drink champagne, why do people go out and they buy these bottles of champagne. It’s the celebration it’s the fun it’s the excitement.” “This is the first product of its kind. American-made, we’re home grown Arizona boys.” And these Arizona boys see gold in their wine, literally. 24 Karat is made with flecks of gold, shimmering in each glass. “It’s the first, the first California sparkling wine with real 24 karat gold in it.” 24 Karat Wine is available in Tempe only. It’s a start off point for what they hope will become a huge phenomenon. [Fox10, Related re: John Paulson's documented love of all things gold]