Goldman Sachs investor Jim Clark was particularly irked by the disclosures surrounding Abacus. He had met with Paulson and Co founder John Paulson in August 2006 and been impressed by the manager’s plans to bet against the subprime-mortgage market. His Goldman brokers talked him out of investing with Paulson, describing him as a bit player, Clark says. Paulson generated a 590 percent return in his flagship credit fund in 2007 “When it came out that Paulson had the biggest payday in history, I got angry,” Clark says. [Bloomberg]
John Paulson
The investment in the former has made Paulson and Co over $1 billion since mid-2009 and the latter is on the up and up. Read more »
John Paulson To Formally Thank Alan Greenspan For Being The Best Federal Reserve Chairman Of All Time
By Bess Levin
He’s does it all the time around the office but never in public, in front of other people.
To: NYU Stern Community
Subject: Interview with Dr. Allan Greenspan, Former Chairman of the Federal Reserve, by John A. Paulson, President of Paulson & Co. Inc

Nothing to get too excited about but if he’s staying true to his September resolution, probably means you get a house! and you get a house! and you get a house! [Daily Mail]
According to Reuters, Paulson and Co’s Advantage Plus was up 1.13 percent in November (3.7 percent YTD), Paulson’s Advantage was up 0.46% (1.82% YTD), and his gold fund was up 5.8 percent (33.% YTD).
Caption Contest Monday: What Did The Photographer Say To Coax The Following Poses Out Of John Paulson?
By Bess LevinCasting A Long Shadow In Hedge Funds [Dan's Hamptons via BI]
September 28, 2010: “If you don’t own a home buy one,” Paulson recommended. “If you own one home,* buy another one, and if you own two homes** buy a third and lend your relatives the money to buy a home.” Read more »
According to Dow Jones, Paulson Advantage Plus posted a 2.55% return (it is now up 2.55% YTD), Paulson Advantage was up 1.72% (1.4% YTD), Paulson Recovery was up 0.5% (8% YTD), Paulson Partner Enhanced was up 7.36% (16% YTD), Paulson Credit Opportunities was up 3% (12.4% YTD), and the gold fund was up 3.57% (26% YTD). [DJ]
Who wants a nice ski lodge? Anybody interested in a place on the beach? Today’s your lucky day. Read more »
