If the little school that could by the Charles would like to make up for past wrongs with a little allocative apology and appreciation to its newfound biggest benefactor, it should know that thegettins’ are still good. Quite good.
Paulson’s Advantage fund, which makes investments tied to corporate events, rose 3.5 percent last month and 8 percent this year, said a person with knowledge of the matter, who asked not to be named because the results are private. Paulson’s Partners merger strategy gained 2.7 percent, bringing returns for the year to 9.3 percent….
The leveraged version of Paulson’s event-driven fund returned 4.3 percent in May and 12 percent in 2015, according to the person. The merger fund’s leveraged alternative surged 5.4 percent last month and 19 percent year-to-date.
The firm’s main credit fund fell 1.4 percent in May, cutting gains to 4 percent this year, the person said. Paulson Special Situations fund, formerly known as Recovery, climbed 3.1 percent in May and is even for this year.
Separately: Fuck you for questioning whether the world’s richest and most prestigious institute of higher learning needed that extra $400 million.
No one has to make charitable donations. People who contribute their wealth—whether large or small—have inspirations for giving that reflect the full range of human motivation; and those motivations deserve to remain private. Similarly, the criteria for selecting the targets of such beneficence are not for us to second-guess….
We trust Mr. Gladwell’s charitable donations are of a magnitude commensurate with his sizable wealth (reported to be $30 million); consistent with his professed criticisms of not supporting wealthy organizations; and anonymous.
Paulson Funds Said to Extend 2015 Increases Last Month [Bloomberg]
Praise Paulson, Do Not Bury Him [Observer]