Another casino buy for John Paulson
The hedge fund manager is turning a distressed bond bet into a big stake in Harrah's. John Paulson, the hedge fund manager who became a billionaire by betting on the subprime bust, took a 9.9% stake...
View ArticleRAB Energy tops hedge funds in 2010
Hedge funds won't announce their final numbers for a few weeks yet, but investors already have some idea of the year's big winners and losers. HSBC gives us a sneak peek with its latest weekly report...
View ArticleHedge funds have run out of good ideas
Fund managers make ridiculous sums of money for the most obvious stock pick in history: Apple. Is this the best Wall Street has to offer? Blame for the credit crisis has been doled out liberally....
View ArticleJohn Paulson: Behind the backlash
We love to see our heroes fail, including the ones from Wall Street. But John Paulson's investors don't share the same concerns as the media. FORTUNE -- Hedge fund manager John Paulson burst onto the...
View ArticleFitch withdraws Sino-Forest rating
The ratings agency wants more information from Sino-Forest, and the embattled Chinese company refuses to comply. FORTUNE -- The news just got a little worse Chinese forestry company Sino-Forest. Fitch...
View ArticleJohn Paulson misses on bank stocks, again
The hedge fund manager who called the crash continues to struggle in the recovery. No one will ever call it his greatest trade ever. The worst? Maybe not. John Paulson, the hedge fund manager who made...
View ArticleBillionaires should beware of Puerto Rico
The beaches are inviting, but Puerto Rico's political risks and its high crime rate should make wealthy tax-dodging Americans think twice before moving. By Cyrus Sanati FORTUNE -- John Paulson and...
View ArticleEven housing bears bought big homes before the crash
A study by a Princeton University economics professor letting Wall Streeters off the hook for the financial crisis has a dubious premise. FORTUNE -- If you believed poor mortgage lending and worthless...
View ArticleRob Arnott: Most hedge funds disappoint
Funds have underperformed at a time when they are drawing more and more money from middle class retirement accounts.
View ArticleWhat's behind Perry Capital's Fannie and Freddie gambit?
Congress isn't likely to privatize the mortgage finance giants, so some hedge funds are turning to Plan B: suing the government. For the past couple of years, a group of America's smartest investors...
View ArticleWhat big-time investors are snapping up and selling off
FORTUNE — It’s a particularly busy Friday on Wall Street, as investors and traders pour over quarterly filings that reveal which stocks in-the-know fund managers are loving (and not loving) and how...
View ArticleHarvard just got its biggest donation ever
Billionaire hedge fund manager John Paulson donated $400 million to Harvard’s School of Engineering and Applied Sciences, the New York Times reports. Harvard’s engineering school, which is expanding...
View ArticleWhy This Billionaire Investor Thinks the Stock Market Is ‘Overreacting’
Billionaire hedge fund investor John Paulson, closely followed for his views on the markets, said on Thursday the sliding stock market is “overreacting” and that the United States economy remains...
View ArticleGeorge Soros Is Making a Big New Bet on Gold
George Soros, who once called gold “the ultimate bubble,” has resumed buying the precious metal after a three-year hiatus. On Monday, the billionaire investor disclosed that in the first quarter he...
View ArticleHere Are All the Billionaires Backing Donald Trump
On Monday, Warren Buffett attacked Donald Trump’s business acumen, saying a monkey could have done far better running a public company than the Republican nominee did. Buffett also challenged Trump to...
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