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Puerto Rico poised as 'Singapore of the Caribbean'

Puerto Rico poised as 'Singapore of the Caribbean'

SAN JUAN , Puerto Rico, April 25 (UPI) -- Prominent investment firm director John Paulson said the island of Puerto Rico is about to become the “Singapore of the Caribbean."
Ed Adamczyk

Steinway to sell itself to Paulson & Co. for $512 million

WALTHAM, Mass., Aug. 14 (UPI) -- U.S. piano maker Steinway Musical Instruments said Wednesday it has agreed to sell itself to Paulson & Co., an investment fund, for $512 million.

Central Park getting $100 million gift

NEW YORK, Oct. 23 (UPI) -- A New York billionaire is giving $100 million to an organization that manages the city's famous Central Park, city officials say.
Romney leads race for billionaire funds

Romney leads race for billionaire funds

WASHINGTON, Dec. 6 (UPI) -- In the race for campaign donations from the wealthy, Republican presidential hopeful Mitt Romney leads U.S. President Barack Obama, a review indicates.

Romney chides Obama for '4-4-4' plan

NEW YORK, Nov. 2 (UPI) -- Republican U.S. presidential candidate Mitt Romney joked Wednesday that President Obama's economic plan could be summed up as a 4-4-4 strategy.
Occupy arrests in Boston, Washington

Occupy arrests in Boston, Washington

NEW YORK, Oct. 11 (UPI) -- Police arrested more than 100 protesters Tuesday in Washington and Boston as Republican and Democratic politicians split on support of the Occupy rallies.

Goldman Sachs as a morality tale

NEW YORK, April 22 (UPI) -- A New Jersey HVAC repairman who lost his home to foreclosure in 2008 bestowed his blessing on the hedge fund manager at the center of a major fraud case.

Goldman top executives close to accused

NEW YORK, April 19 (UPI) -- Top level Goldman Sachs executives were heavily involved with the mortgage unit accused of selling doomed-to-fail securities, sources told The New York Times.

SEC sues Goldman Sachs, alleging fraud

NEW YORK, April 16 (UPI) -- The U.S. Securities and Exchange Commission filed a civil suit against Goldman Sachs Friday, alleging it sold securities that were stacked against the buyer.

Payday for hedge fund managers sets record

NEW YORK, April 1 (UPI) -- A ranking of U.S. hedge fund managers revealed earnings broke a record in 2009 with the manager at the top of the list, David Tepper, earning $4 billion.

Down year, but not bad, for hedge managers

NEW YORK, March 25 (UPI) -- It was a down year for U.S. hedge fund managers but the top 25 still made $11.6 billion in wages, an annual survey said.

Private investors agree to buy IndyMac

PASADENA, Calif., Jan. 3 (UPI) -- IndyMac Bank, the California thrift that was taken over by federal regulators in July, found a buyer Friday, a group of private investors.

The crisis deepens

ZURICH, Switzerland, Sept. 24 (UPI) -- Exposed European and Chinese banks could spread the U.S. financial crisis much wider as Congress hesitates over the $700 billion rescue plan.
MARTIN WALKER, UPI Editor Emeritus
Yahoo! chairman fires salvo in proxy fight

Yahoo! chairman fires salvo in proxy fight

SUNNYVALE, Calif., May 16 (UPI) -- Yahoo! Inc. Chairman Roy Bostock denied the company's board acted irrationally when it rejected a purchase offer from U.S. software giant Microsoft Corp.

Commentary: Not by bread alone

WASHINGTON, April 21 (UPI) -- Food riots suddenly erupted widely. Links with the subprime mortgage crisis dubbed the global upheaval the Perfect Storm.
ARNAUD DE BORCHGRAVE, UPI Editor at Large
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Wiki

John Alfred Paulson (born December 14, 1955) is the founder and president of Paulson & Co., a New York-based hedge fund.

Paulson was born in Queens, New York, the son of Jacqueline and Alfred Paulson, a chief financial officer for Ruder Finn. Paulson attended the Whitestone Hebrew Centre (a United Synagogue of Conservative Judaism school) in Queens. He received his bachelor's degree in finance from New York University’s College of Business and Public Administration (now called NYU Stern School), where he graduated first in his class. He earned his MBA from Harvard Business School, where he was designated a Baker Scholar, the school's top academic honor, for graduating in the top 5 percent. Paulson began his career at Boston Consulting Group before leaving to join Odyssey Partners, working under Leon Levy. He later worked in the mergers and acquisitions group at Bear Stearns. Prior to founding his own firm, he was a partner at mergers arbitrage firm Gruss Partners LP. In 1994, he founded his own hedge fund with $2 million and two employees (himself and an assistant).

Paulson & Co., Inc. had assets under management (as of June 1, 2007) of $12.5 billion (95% from institutions), which leapt to $36 billion as of November 2008.In 2007 alone he made $15 billion for his firm. Under his direction, Paulson & Co has capitalized on the problems in the foreclosure and mortgage backed securities (MBS) markets. In 2008 he decided to start a new fund that would capitalize on Wall Street's capital problems by lending money to investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market. On May 15, 2008, Paulson & Co., which bought 50 million shares of Yahoo stock during the first quarter of 2008, said it is supporting Carl Icahn on a proxy fight to replace Yahoo's board. In early 2008, the firm hired former Federal Reserve Chairman Alan Greenspan.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "John Paulson."
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