After running into difficulties in recent years, John Paulson will convert his hedge fund firm into a private investment firm that runs only his family's money
John Paulson made billions of dollars anticipating the 2008 financial collapse. But after running into difficulties in recent years, Mr. Paulson will convert his hedge fund firm into a private investment firm that runs only his family’s money.
Mr. Paulson’s decision to hand his investors’ their cash back and turn his firm into a family office has been long telegraphed as assets at his firm have fallen and returns declined. He had a strong year last year, in which his key merger hedge fund rose nearly 30%. But the fund is...
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