Another Paulson Bet Hits it Big

March 12th, 2009
| More
Last year, John Paulson’s hedge fund, Paulson & Co, predicted the downfall of subprime loans and profited by more than $3 billion dollars. The hedge fund made another successfully and largely profitable bet by shorting the shares of prominent UK banks. Recent reports revealed that Paulson & Co. earned more than $400 when it unwound its large short positions that were against Lloyds Banking Group Plc and HBOS Plc.
For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin*; Mike Barr; Sheru Chowdhry; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI

More Recent Headlines

Agilsys Settles with Ramius Capital Group

Green Hedge Funds to present at Wall Street Green Trading Summit

QVT Financial goes after Trikona Trinity

Activists voting against Executive Death Benefits

Icahn adds another $250 Million to his shrinking war chest

SSG Capital Management Set to Launch in April

Warren Buffett’s Annual Shareholder Letter

Harbinger Hires Goldman Hedge Star Asali

Ackman wants board representation at Target Corp

Abax Global Capital’s Founder and CEO Chris Hsu Departs