Jabre Bought Japanese Shares After Quake, but Bailed Too Soon, Missing Rebound By GREGORY ZUCKERMAN Few investors have made as many mistakes navigating markets over the past two weeks as Philippe Jabre. Mr. Jabre, one of Europe’s best-known hedge-fund managers, bought Japanese stocks on news of the earthquake, and then suffered when the Nikkei Stock […]
Author Archive
‘Macro’ Traders Ride Yen’s Volatility
By GREGORY ZUCKERMAN As financial markets struggle to digest the catastrophic effects of Japan’s earthquake, growing violence in the Middle East and resulting jolts to global economies, traders like John Brynjolfsson and Samer Nsouli are engaged in a furious fight to try to stay ahead of events. Wednesday afternoon, Mr. Brynjolfsson was in the lobby […]
Trader Racks Up a Second Epic Gain
$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 […]
Cocoa’s Drop Pressures a Big Wager
By GREGORY ZUCKERMAN And LIAM PLEVEN Mr. Ward’s Armajaro Holdings Ltd. shook up the commodities market in July by buying a $1 billion cache of cocoa, enough to make 15 billion Hershey’s milk-chocolate bars. But since Mr. Ward made his audacious bet, cocoa prices have dropped 26%. Two hedge funds run by Armajaro, including its […]
Firm Makes Bold Bet on Falling Prices
A Wager by Fairfax Financial Risks $174 Million. If Deflation Arrives, It Could Be Worth Billions. By GREGORY ZUCKERMAN A Canadian insurer is turning to a seldom-used strategy to make a big wager on falling prices over the next decade. Greg Zuckerman discusses a Canadian insurer that has wagered on derivatives that profit from a […]
Pellegrini’s Hedge Fund to Return Money to Investors
Paolo Pellegrini, the investor who helped hedge-fund manager John Paulson score more than $15 billion of profits betting against risky mortgages, is returning money to clients of his own hedge fund after suffering losses this year. Mr. Pellegrini’s PSQR Capital has lost about 11% so far in 2010, according to a person close to the […]
Gregory Zuckerman to appear at Wellesley Booksmith
Ever wonder how someone could earn four billion dollars in one year? Find out at Wellesley Booksmith on June 10 at 7 p.m. and hear what Wall Street Journal Senior Writer Gregory Zuckerman, author of “The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History,” has to […]
Paulson Confronts Goldman Fallout — Hedge Fund Allays Investors’ Concern; ‘I Felt Reassured’
By Gregory Zuckerman and Jenny Strasburg John Paulson hasn’t been accused of any wrongdoing. But the hedge-fund billionaire has gone on the offensive to reassure investors that his huge firm will emerge unscathed from a case that has drawn him into a political and legal vortex. The steps, including a conference call with about 100 […]
Ex-Paulson Exec Told ACA Firm Would Go Short On Abacus
By Gregory Zuckerman and Serena Ng Of THE WALL STREET JOURNAL Paolo Pellegrini, a former top executive at hedge-fund Paulson & Co., told investigators at the Securities and Exchange Commission that he had informed ACA Management LLC that his firm was betting against the transaction at the center of a lawsuit the SEC brought against […]
Q&A / GREGORY ZUCKERMAN
The man who wrote the book on Paulson JOANNA SLATER 19 April 2010 The Globe and Mail NEW YORK — Gregory Zuckerman is a senior writer at The Wall Street Journal and author of The Greatest Trade Ever: The Behind-the-scenes Story of How John Paulson Defied Wall Street and Made Financial History. Thanks to a […]
