John Paulson

  • Hedge Funds

    Former Paulson LP Pleased To See Her Ex Hasn’t Changed His Deadbeat Ways, Not That She Actively Looks In On Him And Would Take Him Back In A Heartbeat Or Anything

    As you may or may not have heard, the last 18 months have not been the best of times for John Alfred Paulson. His Advantage Plus fund was down fifty percent last year, he got screwed big time by a bunch of fake trees, his proclamation that 2011’s losses were but an “aberration” has not exactly been helped by the fact that AP was down 10 percent through May 2012, Morgan Stanley’s prime brokerage put Paulson and Co. on a list of firms it warns clients not to invest with, some investors ” have expressed their growing unease,” and others have called it quits. But! JP can take solace in knowing that at least one LP, and probably more, are so not over him.

    New Mexico, which stuck by Paulson through last year’s growing losses, pulled its $40 million investment in the first quarter. “From time to time, I do check on John Paulson to see whether we did the right thing,” said Joelle Mevi, the state’s chief investment officer. “And I see that we did.”

    No word on whether or not New Mexico downs two bottles of wine and then logs onto Facebook to stalk Paulson’s page and mutters “skank” under her breath when she sees JP with more attractive LPs but it seems prett-ay obvious.

    John Paulson’s Returns Falter Again; Investors Fret [Reuters]

    / Jun 28, 2012 at 2:21 PM
  • Hedge Funds

    Dear Paulson Investors

    Paulson, the billionaire hedge-fund manager seeking to reverse record losses in 2011, posted a 13 percent decline last month in his gold fund as bullion and mining stocks fell, a person briefed on the returns said today. The loss leaves the $1.2 billion fund, which can buy derivatives and other gold- related investments, down 23 […]

    / Jun 6, 2012 at 3:22 PM
  • Hedge Funds

    Paulson And Co To Provide Monthly ‘My Bad’

    Which is pretty nice of him.

    John Paulson, the billionaire hedge- fund manager seeking to reverse record losses in 2011, lost 6.7 percent last month in one of his largest funds as gold-mining stocks dropped, said two people briefed on the returns. The decline leaves Advantage Plus, which seeks to profit from corporate events such as takeovers and bankruptcies and uses leverage to amplify returns, down 8.8 percent this year, said the people…Paulson & Co. will now send a “brief commentary” along with its monthly performance estimates to investors, Paulson said in the letter. He is seeking to reverse 2011 losses from an ill-timed bet on an economic recovery, which caused him to scale back risk before stock markets started to rally late in the year. About 20 percent of Paulson’s investor base is currently underwater on the fund holdings, one of the people said.

    Paulson Hedge Fund Said to Extend Slump With April Loss [Bloomberg]

    / May 8, 2012 at 4:52 PM
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    News

    When Lucky Brass Balls Fail

    “Of the top 25 earners of 2010, 15 did not make this year’s list [of highest paid hedge fund managers]. Among them: Appaloosa’s David Tepper, whose Palomino fund fell 3.33 percent, and Edward Lampert of ESL Partners, which plunged 12 percent on big losses from Sears Holdings. Mr. Tepper did not respond to requests for […]

    / Mar 30, 2012 at 2:37 PM
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