John Paulson

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John Paulson
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Occupation Founder & Chairman; Chairman
Employer Paulson & Co. Inc.; Paulson Investment Co. Inc.
Location New York, NY; Portland, OR
Website http://www.paulsoninvestment.com/

John Paulson is the founder and chairman of hedge fund Paulson & Co. Inc. and the chairman of Paulson Investment Co. Inc. The eldest son of Paulson Investment Co. Inc.'s original founder and chairman, Chester Paulson, he made billions betting against the subprime market using credit default swaps ahead of the housing crisis.[1]


Background

Paulson has been involved with with father's investment company since 1974.

In November 2009, Paulson gave $20 million to NYU Stern. The intention was that Paulson’s gift would endow two faculty chairs – the Alan Greenspan Chair in Economics and the John A. Paulson Professor of Finance and Alternative investments – as well as provide significant support for the school’s Concourse project, a major facilities renovation currently underway, and scholarship aid for undergraduate students.[2]

In August 2010, he was named chairman of the investment company.[3] Paulson has operated Paulson & Co. since 2007.

Since his rise to fame during the financial crisis, Paulson's hedge fund business had its struggles - his flagship fund lost 18 percent in 2016 and 23 percent in 2017. The firm's assets under management were $38 billion in 2011. By 2018, Paulson & Co's assets totaled some $9 billion. The underperformance resulted in cuts to staff in March 2018.[4]

Education

Paulson holds Series 7, 24, 55 and 63 FINRA Licenses.

References

  1. Hedge Fund Manager Paulson Earns $3.7 Billion. Reuters.
  2. Press Release. Earth Times.
  3. Management Profiles. Paulson Capital.
  4. John Paulson takes an axe to his struggling hedge fund. Financial Times.