Hints and tips:
...The profit, which was driven by bets across a range of asset classes including bonds and equities, surpasses the roughly $15.6bn made by John Paulson in 2007 through his bet against subprime....
...On the same day its deal with PNC was announced, BBVA said “it is holding talks” with smaller Spanish rival Banco de Sabadell....
...Coty and its controlling shareholder JAB Holdings have staked $800m on Kim Kardashian West and Kylie Jenner, who rose to fame on the reality TV show Keeping up with the Kardashians....
...The original deal was struck between Henry Paulson, then chairman and chief executive of the bank, and Fang Fenglei, pictured below, one of China’s top private equity investors....
...Wall Street hedge fund manager John Paulson has attacked the management of Premier Foods for refusing to engage in discussions over a takeover from US spice company McCormick as the battle over the future...
...Wall Street hedge fund manager John Paulson attacked Premier for refusing to engage in discussions with McCormick....
...“Is it realistic to expect ETF holdings to get back to the 65 to 70m ounce level without another major move in western world monetary policy, along the lines of the Fed ruling out another hike until 2017...
...Four of the US’s largest hedge funds saw as much as $900m knocked off the value of their holdings in Allergan when new tax rules helped wipe 15 per cent off the pharmaceuticals group’s share price....
...Valeant’s backers include industry stars John Paulson and Bill Ackman. Its shares plunged 20 per cent on the political backlash against high drug prices....
...Mr Klarman is exceptional among hedge fund managers for often holding the bulk of his portfolio in cash, yet still generating annualised returns of 18 per cent since 1983 using often highly concentrated...
...Again, the stuff that worked came in two stages and the first stage Hank Paulson [Geithner’s predecessor] and George W Bush made possible …They acted exceptionally bravely and sensibly....
...Mr Paulson’s Recovery Fund, which according to an investor is up 35 per cent this year, has had some spectacularly good bets. Among its two largest holdings are mortgage insurers MGIC and Radian....
...Last year several large hedge funds, including SAC Capital, Paulson & Co, and AQR opened reinsurance arms in search of business diversification and returns that have no connection to financial markets....
...Hedge funds tracked by the index include heavyweights such as Third Point, CQS Cayman, Fortress Investment Holdings, GLG Partners, Greenlight Capital, Lansdowne Partners, and Paulson and Co....
...- John Paulson, losing more money. - The ripple effects of the Bakken oil boom....
...Third Point had scooped up holdings of Greek debt earlier this year for just 17 cents on the euro....
...“Apollo is our controlling stockholder and Paulson may become a significant stockholder....
...Managers such as US’s Paulson & Co and Highbridge of the US or the UK’s Lansdowne and Odey have failed to recover double-digit percentage losses for some of their funds suffered in August and September....
...Among the biggest losses are those at the $36bn Paulson & Co, which shot to prominence thanks to its spectacular bets against the US subprime market in 2007....
...Many of the remainder in the top echelons made their money from hedge funds and Wall Street, such as George Soros and John Paulson....
...Muddy Waters LLC, which has a short position in Sino-Forest, alleges that the company has “massively exaggerated” its production and holdings of timber in a “stratospheric” fraud, say FT Alphaville and FT...
...“Several funds flew under the radar and no-one knew what they were holding,” says Andrew Liegel, of Wolters Kluwer Financial Services....
...John Paulson is not sticking around to find out, selling his entire holdings of Sino-Forest at an estimate loss of around $500m, according to the FT....
...Lenders to Lehman’s holding company would receive less....
...However, John Paulson’s Rain Tree Investment, which had been in talks with the housebuilder, has exited the sale process, according to a person familiar with the matter....
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