Browsing articles tagged with " john paulson"

John Paulson Wins Mega Lotto, Muddy Waters Says Tickets a Fake

Apr 1, 2012
J. Webster
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John Paulson has had a tough year, and that’s probably a bit of an understatement. Ever since he made the prescient call that the housing market would collapse, and the sub-prime mortgage market would implode, everything he’s touched has turned to coal. Paulson’s Advantage Plus hedge fund was down over 53% this past year and then there was his disastrous call on the Chinese timber company Sino-Forest, which over stated its timber holdings and Paulson’s hedge fund sold their entire stake at a $468 million loss. Most recently, Paulson sold his stakes in Bank of America and Citi, only

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John Paulson Still Likes the Stock Market

Sep 20, 2011
J. Webster
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Even though John Paulson hasn't a good run this year, so far, he still likes stocks. And Paulson, famous for his huge winning bet against sub-prime mortgages back in 2007, still likes stock even though the stock market remains fragile what with the U.S. in a recession and Europe in a crisis. Plus, his own hedge fund has taken some big hits of late, suffering heavy losses. His fund is down big with a huge loss on Chinese timber company Sino-Forest and then his positions in Bank of American and Hewlett Packard haven't been winners to say the least. Despite

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“More Money Than God”: Paulson’s Subprime Trade

Aug 25, 2011
J. Webster
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The days aren't so bright and cheery for John Paulson, what with his hedge fund down nearly 40%. They're certainly not as cheery as they were five years ago, when he made his famous bet against subprime mortgages and made billions of dollars. I just finished reading Sebastian Mallaby's awesome book, "More Money Than God", about history of hedge funds, and Paulson features towards the end of the book. It's a brilliant read, touching on all the major hedge funds and their various strategies. What jumped out though was John Paulson putting on his big bet via the

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John Paulson Sold Large Chunk of Bank of America

Jun 30, 2011
J. Webster
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CNBC is reporting that John Paulson and his hedge fund have sold a large chunk of Bank of America. This is just on the back of the recent news that Bank of America paid mortgage backed securities investors $8.5 billion in a settlement. I wonder if he bailed out before this news....? The stock popped on this news after all. Well, CNBC's Kate Kelly is also saying that Paulson may regret selling his BAC shares after this news. Is this odd? Yes. Doesn't really seem like much of a story. Seems more like waffling on the

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Paulson Sells Sino-Forest!

Jun 20, 2011
J. Webster
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Talk about getting crushed, Sino-Forest has turned out to be a complete disaster for hedge fund guru John Paulson, and now he's bailed out on the stock entirely. CNBC has the details:
"Due to the uncertainty over Sino-Forest's public disclosures and financial statements, we have sold our stock and await the results of the independent committee's investigation," a spokesman for Paulson & Co said in an e-mail on Monday. While it wasn't immediately clear how much Paulson lost on the sale, his 14.1 percent stake in Sino would have been worth C$897.4 million as of the end of March. The same

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Sino-Forest Goes Timber

Jun 4, 2011
J. Webster
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Talk about getting crushed, Sino-Forest's stock was chopped down after a report released by Muddy Waters LLC - who are shorting the stock and doing quite while so far. The stock went from $18 to around $5 in a few days, down over 63% give or take. Just wow. What did the Muddy Waters report say, it called Sino-Forest a Ponzi scheme. The full report is here. Sino-Forest is a Chinese lumber and forest plantation company, basically they buy and sell forests in China. Buying Chinese stocks has always been a risky business, as too much is unknown and their rules

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