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Remember John Paulson’s big trade a few years ago? This subprime business something or other? It ended up pretty well for him, netting a bunch of billions and the respect of his peers but at the time, most people who JP told about it it had a good laugh at his expense and thought to themselves, “who is this fuckin’ guy,” Paulson recounts. Read more »
Shout out to the Doctor in John Paulson’s year-end letter to investors. Read more »
In a piece today on John Paulson’s 2010 performance, the Journal notes that while it was pretty good, the hedge fund manager shouldn’t exactly be doing any victory dances in the end zone. Sure, 30+ percent returns, when you’re managing more than $30 billion, are “very rare” in the business. But, they’re just saying, JoPau probably shouldn’t be doing any bragging and may in fact want to think about where he went wrong, considering in 2007 he returned 590 percent. They don’t want to be critical! They’re merely pointing out: no one’s written a book about Paulson’s 2010 trades. Perhaps feeling a bit bad, or as though they’d gone too far, they do charitably note that the $5 billion Paulson earned is a lot more than some people. Read more »
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
According to Dow Jones: Read more »
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).
Who wants a nice ski lodge? Anybody interested in a place on the beach? Today’s your lucky day. Read more »
Back in February, the Wall Street Journal printed an article about a hedge fund “idea dinner,” more than insinuating that a bunch of representatives from Soros, SAC, Greenlight and Paulson and Co got together to enjoy a meal of food while scheming re: how they were going to take down the Euro. This was uncool for a few reasons, including by not limited to the fact that it’s unlikely the handful of managers assembled would even be capable of taking down the currency and the shoddy reporting that said they ate fish when in fact it was chicken (a tad undercooked, if you must know). Also, as a result of the story, the Justice Department’s antitrust division opened an investigation into possible violations of the Sherman Act. Read more »
Paulson and Company has had a tough couplea months. The firm has been on the receiving end of a lot of shit, none of it really due but mostly thanks to a certain Frenchman and his blood-sucking overlords dragging the hedge fund’s name into the press and June didn’t go so amazingly as it relates to making money. But! There is some good news to report which that P&C’s assets under management only fell to to $30.9 billion, down from $33.1 billion, leaving investors with something to smile about. Read more »
He’s got this one covered. Letter to investors via Absolute Return. Read more »
You know what they say: You can’t choose your family, but you can choose your financial planner. Or something like that. One of the great things of being in charge of your money is choosing who (if anyone) will help you manage it. The choice isn’t always an easy one. How will you know that your planner is reputable and trustworthy?
These five red flags may be good indications of whether the financial planner sitting across from you is someone you should trust with your money. LearnVest Planning also provides an innovative 7-step program for your money where you work one-on-one with a financial planner. To see if this program is right for you, start with a free financial consultation.
1. She Isn’t Certified
“There are a lot of good planners out there who aren’t Certified Financial Panners™,” says Samantha Vient, CFP®, of LearnVest Planning Services. “However, CFPs® are required to adhere to the CFP® Board’s standards of professional conduct.
We believe it’s always a good idea to work with someone who has the CFP® designation, which is issued after completing a CFP® Board-approved personal financial planning curriculum, passing a rigorous exam issued by the Certified Financial Planner Board of Standards, meeting experience requirements and passing an ethics and background check.
This is a guest post written by SoFi’s CEO, Mike Cagney.
CLICK HERE TO READ THE FULL ARTICLE
Recently, there’s been a lot of talk amongst leaders in Washington about how to improve the painful process of repaying student loans. At SoFi, we feel your pain and work hard to offer more flexible, more affordable options for our borrowers. One idea that’s getting a lot of attention is increasing the options for refinancing debt after graduation. The only lender currently focused on refinancing private and federal student loans is SoFi.
We recognized early on that borrowers who have made timely payments on their loans, graduated from school, and have a job should be able to refinance their student loans at a lower interest rate. This may be why, after resuming lending by invitation, the media became increasingly interested in what we are doing.
In a recent article posted on MainStreet.com SoFi General Counsel Rob Lavet had this to say about SoFi’s ReFi products: Read more »
