John Paulson's Hedge Fund Steps Up And Buys Mortgage Assets
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John Paulson managing director of successful hedge fund, Paulson & Co. has begun last week buying mortgage assets back by residential real estate, reported the Financial Times. John Paulson is the famous hedge fund manager that made over $3 billion last year by shorting (betting against) mortgage securities.
Paulson began building his long position in US residential mortgage securities after they fell in value last week when Hank Paulson, Treasury secretary, said that the government had decided against buying toxic assets as part of its $700 billion troubled asset relief program (Tarp).
John Paulson is obviously looking to capitalize on the falling value of these mortgage assets after the Treasury made that announcement. Paulson was scheduled to hold a dinner and wine-tasting at New York’s Metropolitan Club last night so that he could brief his investors on his plans.
Paulson's funds have continued to do well this year as his funds were up 15-25% .
Paulson's signaled this new investment strategy on October 1st by launching the Paulson Recovery Fund, which will take equity stakes in financial institutions.
John Paulson is the founder of Paulson & Co. He attended New York University's College of Business and Public Administration and was the Valedictorian of his class.
Paulson began building his long position in US residential mortgage securities after they fell in value last week when Hank Paulson, Treasury secretary, said that the government had decided against buying toxic assets as part of its $700 billion troubled asset relief program (Tarp).
John Paulson is obviously looking to capitalize on the falling value of these mortgage assets after the Treasury made that announcement. Paulson was scheduled to hold a dinner and wine-tasting at New York’s Metropolitan Club last night so that he could brief his investors on his plans.
Paulson's funds have continued to do well this year as his funds were up 15-25% .
Paulson's signaled this new investment strategy on October 1st by launching the Paulson Recovery Fund, which will take equity stakes in financial institutions.
John Paulson is the founder of Paulson & Co. He attended New York University's College of Business and Public Administration and was the Valedictorian of his class.
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