John Paulson

Government By Goldman

"...now Cohn’s in charge of the economy and talking about eliminating financial reform and basically putting the country back to where it was in 2005, as if 2008 didn’t happen. I’ve started the countdown clock to the next financial crash, which will make the last one look mild."

Where There's [Almost] "Blood In The Streets" In America Today...

"there's a common saying in finance: ‘buy when there’s blood in the streets’ ...This is easy to understand intellectually… harder to do in practice... When there’s blood in the streets, i.e. markets are collapsing, our human emotions kick in. We tend to panic..."

Paulson Shutters Long-Short Equity Fund Amid Massive Healthcare Losses

It seems that John Paulson is finally willing to admit what the market has been telling him for quite some time now, namely that he just might have been exactly wrong on his massive healthcare bet.  As Bloomberg points out today, this inevitable capitulation from Paulson has resulted in a "re-focusing" of his firm and the shuttering his first ever separately managed fund run by Guy Levy.

Amid Dreary Landscape, Event Funds Stage A Comeback

Hedge funds endured nearly $100 billion in redemptions last year, but as confidence in traditional stock pickers dwindles, so-called “event-driven” funds are attracting renewed interest in investors, particularly in Europe, where near-zero rates and relatively attractive valuations are expected to stoke a boom in M&A activity.

Frontrunning: June 5

  • Saudis, U.A.E., Bahrain and Egypt Cut Ties With Qatar (WSJ)
  • Saudi-Led Alliance Cuts Ties With Qatar (BBG)
  • Saudi, Egypt lead Arab states cutting Qatar ties, Iran blames Trump (Reuters); Qatar asks citizens to leave UAE within 14 days: embassy (Reuters)
  • London Fortifies Bridges to Protect Pedestrians From Attack (BBG)
  • Bank at Center of U.S. Inquiry Projects Russian ‘Soft Power’ (NYT)

Frontrunning: May 17

  • Here's What the Latest Trump-Comey News Is Doing to Markets (BBG)
  • Dollar Slide Worsens With U.S. Stocks Near Records: Markets Wrap (BBG)
  • Turmoil Puts GOP Agenda at Risk (WSJ)
  • Trump Faces Deepest Crisis of His Presidency (BBG)
  • Trump’s $1 Trillion Plan Helps Wall Street More Than Rural America, Democrats Warn (BBG)

Harvard Is 'Billionaire-Making' University

To date, a total of 35 of the richest 500 people in the world have emerged from the storied halls of Harvard. In fact, more billionaires have graduated from Harvard than all of those hailing from Saudi Arabia and Spain combined.