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’John Paulson plans new fund
John Paulson, who notched up one of the single biggest profits in the history of the hedge fund industry last year by betting on a financial collapse, is planning a new fund to provide capital to cash-strapped banks,
Hedge fund chief warns of worse to come
John Paulson, president of Paulson & Co, the hedge fund manager which made some of the biggest profits from the global credit crisis, said mortgage-related losses for troubled financials could reach $1,300bn,
Hedge funds (mostly) cut ties with Bear
Several high-profile hedge funds have moved to sever ties with Bear Stearns since Friday’s rescue, inflicting further damage on its once lucrative prime brokerage business, reports the FT. Alongside Goldman Sachs and Morgan Stanley,
If you can’t beat ’em: Greenspan joins hedge fund
Former Fed chairman Alan Greenspan, whom some blame for fueling a US housing bubble, is signing on as an adviser to hedge-fund firm Paulson & Co, which has profited handsomely from the collapse of that bubble,
Hedge funds find the golden lining to subprime cloud
While some headlines (including one or two in the FT) suggest there aren’t many upsides to the subprime lending turmoil for investors, the recent wave of subprime-linked debacles – the implosion of two Bear Stearns hedge funds;