By GREGORY ZUCKERMAN John Paulson still believes in gold. That has been a painful stance lately. But Monday finally brought some good news for the well-known hedge-fund manager and other gold bulls.
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$5 Billion Profit for John Paulson By GREGORY ZUCKERMAN Hedge-fund manager John Paulson personally netted more than $5 billion in profits in 2010—likely the largest one-year haul in investing history, trumping the nearly $4 billion he made with his “short” bets against subprime mortgages in 2007. Mr. Paulson’s take, described by investors and people close […]
The Wall Street Journal FEBRUARY 18, 2010 by Gregory Zuckerman It took John Paulson months to convince investors that housing would crumble. Now it’s taking him awhile to get them excited about gold, his latest passion. When Mr. Paulson’s Paulson & Co. late last year announced it was starting a hedge fund to make a […]