John Paulson Doesn’t Want To Run A Mutual Fund, But…

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John Paulson’s strategies are pretty complex, if he may say so himself, as he does. So if he had his druthers, he’d stick with making money (and occasionally losing money) for investors as savvy and sophisticated as he is.

The only problem is, some of those savvy and sophisticated investors are getting a little uppity about little things like $2.3 billion paychecks and 2/20 for sub-S&P500 returns and the like. Well, hear this: If institutional investors don’t want to pay John Paulson, John Paulson will find someone else who does.

The founder of $22 billion hedge-fund firm Paulson & Co., who made his name during the financial crisis earning billions betting against the housing market, is leaving the door open to taking money from less-wealthy investors.

“It’s possible,” Mr. Paulson said Monday night during a discussion at New York University’s Stern School of Business.

Could Paulson Open Up to Mom and Pop? [WSJ MoneyBeat blog]
Paulson, Landy Feel ‘Pressure’ to Reduce Fees [WSJ MoneyBeat blog]

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