John Paulson

January 28, 2011 by staff 

John Paulson, John Alfred Paulson (born December 14, 1955) is founder and president of Paulson & Co., a hedge fund based in New York.
Paulson was born in Queens, New York, the son of Jacqueline and Alfredo Paulson, and a financial director of Ruder Finn. Paulson attended the Whitestone Hebrew Centre (United Synagogue of Conservative Judaism school) in Queens. He received his bachelor’s degree in finance from New York University College of Business and Public Administration (now NYU Stern School), where he graduated first in his class. He received his MBA from Harvard
Business School, where he was named Baker Scholar, high school academic honor for graduates in the top 5 percent. Paulson began his career at Boston Consulting Group before joining Odyssey Partners, working under Leon Levy. He then worked in mergers and acquisitions group of Bear Stearns. Before founding his own firm, he was associated with merger arbitrage Partners LP Gruss. In 1994, he founded his own hedge fund and $ 2 million and two employees (himself and one assistant).
On April 16, 2010, the Commission of the United States Securities and Exchange fillings in court has mentioned Paulson & Co. when the SEC has sued Goldman Sachs and one of Goldman CDO traders. The SEC alleged that Goldman Sachs materially inaccurate and omitted material facts in the disclosure documents for bond synthetic credit default (CDO) product, it comes from. The allegation was that Goldman Sachs and misrepresented to investors that an objective third party (CAPA Management) had met all mortgages underlying the CDO, when in fact, Paulson & Co., with interest direct economic consequences for those investors, has a major role in assembling the mortgage package.

Consideration in the transaction CDO, Paulson & Co. was to reap great financial rewards for failure. (It is alleged that Paulson has chosen a portfolio of CDOs that were likely to default, against which Paulson & Co. had already sold short, or would sell short.) Paulson & Co was not a defendant in this case.

Paulson & Co said, “This is not the subject of this complaint, has not made false statements and is not subject to charges.”

John Paulson is not related to the former CEO of Goldman Sachs and U.S. Treasury Secretary Hank Paulson. At September 26, 2008 His Street Journal editorial written by John Paulson has proposed an alternative plan to the Secretary of the Treasury to stabilize the markets.

Paulson is # 45 on the Forbes list of richest billionaires in the world and is worth about $ 12 billion from 2010. On April 16, 2010, the New York Times reported Paulson had won and one billion in 2007, and $ 2 billion in 2008, and $ 2.3 billion in 2009 hospitality of its hedge fund betting against subprime mortgages long before the term became well known. On April 19, 2010, The Wall Street Journal reported that Paolo Pellegrini, 53, who worked for Paulson, had emerged as the point man for Paulson & Co. invests in subprime mortgages.

Paulson 15 million grant and the Center for Responsible Lending is the largest contribution to non-profit received. The organization is working to persuade banks to provide better conditions for mortgage loans to applicants less than stellar credit.

What recession? Hedge fund honcho John Paulson profited more than $ 5 billion in 2010, perhaps the greatest distance to invest in history, according to a news report.
In 2010, over 4 billion and its profits came from investments in funds. Most of its funds contained Paris on gold, because of distrust of Paulson’s long-term weakness of the dollar, based on the report in the Wall Street Journal. He placed much of his own money in funds focused on gold, which rose nearly 45% due to the meteoric rise of gold last year.

Paulson’s take last year and more than 4 billion it raked in Paris short against subprime in 2007, according to the news report.

The founder and chairman of the investment firm Paulson & Co. has achieved fame and notoriety for Paris cons subprime mortgages just before the market collapse in 2007. His fund scored gains as much as 590% of the bet at risks, the report further.

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