Keyword: johnpaulson

Brevity: Headers | « Text »
  • Paulson advises hold, sells half his fund’s gold

    08/15/2013 9:30:55 PM PDT · by TexGrill · 26 replies
    JoongAng Daily ^ | 08/16/2013 | JoongAng Daily
    Billionaire hedge fund manager John Paulson, who told investors as recently as last month that they should own gold, cut his holdings in the metal by more than half as prices plunged into a bear market. Paulson & Co., the largest investor in the SPDR Gold Trust, the biggest exchange-traded product for the metal, pared its stake to 10.2 million shares in the three months ended June 30 from 21.8 million at the end of the first quarter, according to a government filing Wednesday. The New York-based firm, which manages $18 billion, cut its ownership for the first time since...
  • Hedge-fund Manager Paulson (major Democratic donor) Moving to Puerto Rico?

    03/11/2013 8:11:54 AM PDT · by reaganaut1 · 6 replies
    Barron's ^ | March 11, 2013 | Brendan Conway
    Unnamed sources speaking with Bloomberg News say the hedge-fund manager is considering relocating to Puerto Rico for tax reasons, to benefit from a new law that the wire says lets new residents pay no local or U.S. federal taxes on capital gains. The story goes on to relate, via those unnamed sources, that Paulson & Co.would remain in New York:
  • Occupy Wall Street protesters plan 'Millionaires March' to Rupert Murdoch's, tycoons' NYC homes

    10/10/2011 5:30:09 PM PDT · by jimbo123 · 55 replies
    NY Daily News ^ | 10/10/11 | HELEN KENNEDY
    The Occupy Wall Street protesters are planning to get in the face of some of New York's richest tycoons on Tuesday. A "Millionaires March" will visit the homes - or, more realistically, the gleaming marble lobbies - of five of the city's wealthiest residents. On the target list: NewsCorp CEO Rupert Murdoch, JP Morgan Chase CEO Jamie Dimon, conservative billionaire David Koch, financier Howard Milstein and hedge fund mogul John Paulson.
  • John Paulson Just Had A Terrible Day As Sino Forest Falls 60% (from China with Fraud)

    06/03/2011 10:11:38 AM PDT · by TigerLikesRooster · 5 replies
    Benzinga ^ | 06/02/11 | Scott Rubin
    John Paulson Just Had A Terrible Day As Sino Forest Falls 60% By Scott Rubin Benzinga Staff Writer June 02, 2011 5:52 PM ZeroHedge broke the news this afternoon that John Paulson's mammoth hedge fund Paulson & Co. is the largest shareholder in Sino Forest (TRE.TO), which lost more than 20% on Thursday after Muddy Waters Research released a report on the company accusing it of fraud. The stock was halted on the Toronto stock exchange down 20%, but Sino Forest equity that trades in the U.S. on the pink sheets closed more than 60% lower. Muddy Waters has gained...
  • Soros Has Begun Dumping Gold And Silver, While John Paulson Says Gold Will Go To $4,000

    05/04/2011 6:32:50 AM PDT · by SeekAndFind · 12 replies
    Business Insider ^ | 05/04/2011 | Joe Weisenthal
    John Paulson told a UK news show on Tuesday that gold is going to $4,000, reports WSJ. Despite some recent gyrations in the precious metals arena -- more so on the silver side of things -- the prominent investor remains super-bullish for the next 3-5 years. On the other hand, according to reporters Gregory Zuckman and Caroline Cui, Soros has been a seller of gold and silver lately. What what's interesting is why: Soros no longer sees a big threat of deflation. Huh? Yes, while the average person may still think of gold as a bet to counter inflation, the...
  • John Paulson: The price of Gold could reach up to $4,000 (The man who shorted the subprime market)

    09/30/2010 6:57:03 AM PDT · by SeekAndFind · 51 replies
    Market247 ^ | 09/30/2010
    Paulson, who is considered one of the most successful hedge fund managers worldwide, has made statements that the double digit inflation will “kill” the bond markets by enhancing the prestige of the gold markets. He expressed the estimation that the price of gold can easily pass the $2,400 per ounce limit reaching up to $4,000 an ounce within 2012. The billionaire hedge fund manager was speaking at an event in the University Club of New York. At the same event, Paulson said that currently more than 80% of the placements are associated with gold, either in the form of ETFs...
  • Market "Speculators" Are the Economy's Health (Defending Hedge Fund Managers like John Paulson)

    04/29/2010 6:27:33 AM PDT · by SeekAndFind · 6 replies · 180+ views
    Real Clear Markets ^ | 04/29/2010 | John Tamny
    It didn't take long for the non-scandal that allegedly threatened the reputation of Goldman Sachs to die of its own contradictions. As a public company whose sole constituent is its shareholders, evidence quickly revealed that Goldman was serving its owners well through investment vehicles meant to match the needs of both its bullish and bearish customers. Unfortunately, the non-controversy surrounding Goldman dredged up other, more dangerous notions about market speculation itself. To believe the naïve musings of commentators on the left and right, the oft-mentioned trades engineered by Goldman Sachs, along with others of the "speculative" variety, don't serve any...
  • Fool's Gold(man): Goldman execs' pathological behavior dooms them in the court of public opinion

    04/29/2010 6:16:19 AM PDT · by SeekAndFind · 29 replies · 575+ views
    Forbes ^ | 04/29/2010 | Dan Gerstein
    I turned 43 years old on Tuesday, but after listening to the Goldman Sachs hearing in Washington I felt like I was born yesterday. That's essentially how the Goldman witnesses treated their viewing audience while defending their dubious behavior: You're too dumb to understand the complexity of our business and the instruments we trade. In our line of work, they explained, deceit and double-dealing is expected and condoned on all sides. Everybody has fair warning. So what's the big deal if we sold a "shitty" product without disclosing it was designed to lose money? But as the day wore on,...
  • Goldman-deal gamblers knew the score. One side was bound to lose. Why is the SEC prosecuting?

    04/26/2010 6:27:20 AM PDT · by SeekAndFind · 35 replies · 463+ views
    MSN Money ^ | 04/26/2010 | Bill Fleckenstein
    The players on both sides of the trade that the SEC has targeted knew the risks and knew one side was bound to lose. It's far from the worst sin of this mess. Goldman Sachs. John Paulson. Those are hot-button words that have dominated business news lately, with many of the reports biased toward a black-and-white supposition: guilty. This column, however, wouldn't live up to its name if it didn't take a contrarian view. Not surprisingly, I'm going to discuss the Goldman/Paulson flap from a slightly different perspective. What I believe may have happened -- at worst -- is that...
  • Chuck Schumer fund-raiser John Paulson is key figure in Goldman Sachs fraud case, records reveal

    04/25/2010 8:30:02 PM PDT · by neverdem · 36 replies · 1,025+ views
    NY Daily News ^ | April 24th 2010 | Michael Mcauliff
    WASHINGTON - One of New York Sen. Chuck Schumer's top recent fund-raisers is a key figure in the Goldman Sachs fraud case, a review of federal campaign records reveals. John Paulson, leader of the $33 billion hedge-fund firm Paulson & Co., helped Democrat Schumer collect nearly $100,000 in the first three months of this year. Schumer is running for a third term in November. The Securities and Exchange Commission says Paulson's company helped assemble a bunch of bad mortgage securities for Goldman Sachs and bet they would tank, while Goldman found buyers who got soaked for $1 billion. The SEC...
  • The Case against Goldman Sachs (Did they sell securities that were designed to fail?)

    04/21/2010 9:31:09 AM PDT · by SeekAndFind · 14 replies · 430+ views
    National Review ^ | 04/21/2010 | Larry Kudlow
    I’d like to weigh in on this whole SEC securities-fraud action against Goldman Sachs. The feds have, of course, alleged that Goldman made materially misleading statements and omissions in connection with a synthetic collateralized debt obligation (CDO) that was structured by Goldman and marketed to investors. This is all very complicated. And I know some very smart people lining up on one side saying the SEC’s fraud action is weak. And I know some equally smart people on the other side saying this is an extremely serious matter that will be followed by numerous other SEC fraud charges against other...
  • Paulson Point Man on CDO Deal Emerges as Key Figure (Paolo Pellegrini)

    04/19/2010 7:46:39 PM PDT · by NormsRevenge · 24 replies · 504+ views
    WSJ on Yahoo ^ | 4/19/10 | Gregory Zuckerman
    In 2004, Paolo Pellegrini was out of a job, living in a one-bedroom apartment in Westchester County, N.Y., with little money in the bank. He soon managed to land a gig working for hedge-fund manager John Paulson. Today, after helping Paulson & Co. score $20 billion with a bet against housing and pocketing about $175 million for himself, Mr. Pellegrini is an unnamed but key character in the government's lawsuit against Goldman Sachs Group Inc. (NYSE: GS), according to people familiar with the matter. The government alleges the bank deceived investors by selling them mortgage securities that the hedge fund...
  • Hedge fund manager in Goldman Sachs case is major Dem donor

    04/16/2010 7:43:50 PM PDT · by NormsRevenge · 59 replies · 2,661+ views
    The Hill ^ | 4/16/10 | Alexander Bolton
    The billionaire hedge fund manager at the center of an alleged fraud hatched at Goldman Sachs, a leading investment bank, has given tens of thousands of dollars to both parties. Campaign fundraising records show that John A. Paulson, founder and chairman of the hedge fund Paulson & Co., gave $30,400 to the Democratic Senatorial Campaign Committee in June, qualifying him as a major Democratic donor. He also gave $2,300 to Senate Majority Leader Harry Reid’s (D-Nev.) reelection campaign in February of last year and $4,800 to Senate Banking Committee Chairman Chris Dodd (D-Conn.) last April, according to records filed at...
  • SEC Charges Goldman Sachs With Fraud On Subprime Mortgages

    04/17/2010 7:06:25 AM PDT · by george76 · 25 replies · 541+ views
    Business Insider ^ | Apr. 16, 2010 | Joe Weisenthal
    The SEC has filed civil charges against Goldman Sachs and its banker Fabrice Tourre for its role in structuring subprime mortgages, which it structured at the behest of hedge funders like John Paulson. Goldman shares are off 10%. At issue is the lack of disclosure of Paulson's role in selecting the assets that went into the CDOs. There is also an allegation that John Paulson was presented as having gone long the CDO, when in fact he was short.
  • The Greatest Trade Ever (Hedge fund manager John Paulson's $ 15B bet against real estate)

    11/11/2009 8:20:20 AM PST · by SeekAndFind · 7 replies · 710+ views
    Newsweek ^ | 11/11/2009 | Daniel Gross
    In a span of just three years, hedge-fund manager John Paulson went from practically unknown to practically unparalleled. After a series of smart bets against the housing market made Paulson's hedge fund billions of dollars—including days where it made more than $1 billion—he earned a place alongside George Soros and Warren Buffett as an oracle of investing. In his new book, The Greatest Trade Ever, Gregory Zuckerman, a reporter at The Wall Street Journal, examines how the unlikely team of Paulson and assistant Paolo Pellegrini—as well as a few other investors—bucked conventional wisdom and saw through the housing hype. Who...
  • Defusing A $5.5T Run On The Banks

    02/15/2009 8:27:17 PM PST · by CutePuppy · 37 replies · 1,771+ views
    New York Post ^ | February 15, 2009 | Michael Gray
    The Post hit the nail right on the head when it reported exclusively last September that the US narrowly averted a crash of the financial markets, it was recently revealed. In the days after the Lehman Brothers bankruptcy, there was a run on the country's money market funds as investors feared the bonds held by the funds would collapse - which The Post reported in a Sept. 21 story entitled "Almost Armageddon." Rep. Paul Kanjorski, of the House Finance Committee, confirmed the bank run recently. .....
  • Twenty-five people at the heart of the meltdown ...

    01/26/2009 10:00:29 AM PST · by BGHater · 53 replies · 1,955+ views
    Guardian ^ | 26 Jan 2009 | Julia Finch
    The worst economic turmoil since the Great Depression is not a natural phenomenon but a man-made disaster in which we all played a part.In the second part of a week-long series looking behind the slump,Guardian City editor Julia Finch picks out the individuals who have led us into the current crisis Alan Greenspan, chairman of US Federal Reserve 1987- 2006Only a couple of years ago the long-serving chairman of the Fed, a committed free marketeer who had steered the US economy through crises ranging from the 1987 stockmarket collapse through to the aftermath of the 9/11 attacks, was lauded with...
  • The Man Who Made Too Much

    01/25/2009 2:50:53 PM PST · by 1rudeboy · 35 replies · 1,796+ views
    CNBC ^ | January 23, 2009 | Gary Weiss
    Two young men, traders on John Paulson’s staff, come into his hedge fund’s office seeking advice on whether to buy a certain debt security. Sitting just a few feet away, I have no idea what Paulson tells them. His slightly high-pitched voice is so soft that on the rare occasions he is forced to speak in public, he’s easily drowned out by the rustling of papers or the clearing of throats. When he appeared before a U.S. House committee in November to try to explain how he had lavishly profited while countless others had suffered, Paulson spoke so gently, even...
  • US hedge fund bosses threaten to move to Britain (Soros,Simons,Paulson,Falcone,Griffin)

    11/23/2008 3:41:36 AM PST · by TigerLikesRooster · 26 replies · 1,534+ views
    Guardian ^ | 11/14/08
    US hedge fund bosses threaten to move to Britain • Billionaires battle against threat of regulation • Soros says he would happily pay income tax America's top hedge fund managers staunchly defended the conduct of their secretive, high-risk industry yesterday and warned Congress that knee-jerk regulation could push financial jobs across the Atlantic to London. In a rare day of public scrutiny, the billionaire bosses of five leading hedge funds appeared before the house oversight committee to answer charges that their unregulated bets on financial markets have destabilised the global economy. George Soros, Kenneth Griffin, Philip Falcone, Jim Simons and...
  • Soros faces Congress over hedge funds' role in meltdown

    11/13/2008 1:52:43 PM PST · by flattorney · 47 replies · 1,928+ views
    Telegraph (UK) ^ | November 13, 2008 | James Quinn/Louise Armitstead
    Abstract: Five of the world's richest hedge fund managers, including George Soros, the man who the broke the Bank of England, have been called to account by US politicians for their role in the collapse of the global financial system. The quintet – including John Paulson, who made $3.7bn (£2.49bn) last year betting against the US mortgage market – were grilled over their roles in buying unregulated derivatives products, which some politicians believe contributed to the financial markets' meltdown. The men, who each earned more than $1bn each last year, were called to account by Democratic Congressman Henry Waxman, who...