Paulson touts merger, credit returns as gold bet turns sour
John Paulson gets back to his roots as an event driven investor and finds profits in mergers and restructurings in the first quarter while his big bet on gold as a hedge against inflation fails to win
Paulson & Co, the $18 billion hedge fund that has lost nearly half its assets since 2010, has made money investing in mergers and restructurings in the first quarter of this year, even as its investments in gold suffered whopping losses.
Speaking at the Salt Conference in Las Vegas, Paulson & Co founder John Paulson emphasised his roots as an event driven investor who seeks to profit from mergers, restructurings and other corporate catalysts, according to delegates who were present at the
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