Paulson and Co

Paulson And Co Investors Standing By Their Man


John Paulson, the billionaire hedge- fund manager having the worst year of his career, has received less than 10 percent in redemption requests for his Recovery and Credit Opportunities funds for year’s end, according to two people familiar with the firm. Withdrawal orders for those two funds, which together managed about $15 billion as of July 31, were due at the end of September and may give some indication of what total redemptions could be across all of Paulson’s funds, the worst-performing of which has tumbled 47 percent this year…“We’re going to give Paulson the benefit of the doubt,” said Trip Kuehne, founder of Double Eagle Capital Management LP, a Dallas-based firm that has invested with Paulson since 2005. “I believe in him and his firm and don’t plan to pull my money.” [Bloomberg]

One of the stocks in Paulson’s portfolio, Alpha Natural Resources, is getting clobbered today after the company and rival Walter Energy warned that output for steelmaking-coal will fall short of expectations…Paulson’s bet on Alpha Natural Resources is a relatively small chunk of his portfolio, but it is another ill-timed wager this year from the man who made a fortune from smart wagers against subprime bonds. [WSJ]

  • 01 Sep 2011 at 10:13 AM

John Paulson Made Money Last Week


That feels good to say, doesn’t it? Read more »

  • 17 Aug 2011 at 6:47 PM

Just Paulson Has Seen Better Summers

The market volatility of last week was not kind to the hedge fund behemoth John Paulson, whose flagship fund was down 34 percent through Friday’s close, according to an investor who was briefed on the performance today…Paulson’s merger funds are faring considerably better, though still in the red with the enhanced levered fund down 7 percent year to date and the unlevered fund down 3 percent year to date. [CNBC]

John Paulson Explains What’s Been Going Wrong

His portfolio has been heavy on disappointments.

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Don’t Shed A Tear For John Paulson Just Yet

His investors don’t appear bothered by the whole fake trees incident and not even all of his funds are down. You’re only hearing about the ones not doing as hot being people love to tear a big man down. Read more »

Fake Trees Hurt Paulson And Co’s Flagship Fund In June

Bloomberg reports the Advantage Plus Fund, Paulson’s flagship, lost 11 percent in June thanks to Sino-Forrest. Read more »

John Paulson Saves An Art Gallery

The fund run by Paulson & Co. has purchased a loan to American-art specialist Berry-Hill Galleries for about $10 million, as well as the mortgage on the gallery’s property in an elegant townhouse near the Frick Collection, according to public records and people familiar with the matter…The involvement of the fund, Paulson Credit Opportunities Master Ltd., has in effect rescued the gallery from a precarious position. [WSJ]