John Thain was CEO of Merrill Lynch in 2008 as it crumbled and sold itself to Bank of America. Meanwhile, John Paulson was shorting mortgages and becoming a billionaire as the housing market collapsed. Both participated in the latest consolidative move in the financial services industry. Show More Summary
A gang made up of some of ’s biggest names and formed by former Goldman Sachs partner Steve Mnuchin is set to realize a a big score from the sale of OneWest Bank to for $3.4 billion. Hedge fund billionaires and were part of the group that together with buyout baron Christopher Flowers and billionaire [...]
John Paulson’s funds posted strong returns in June, especially on the back of merger arbitrage plays, an activity in which Paulson has been involved for the last 20 years. The best performer was Paulson Enhanced, a merger arbitrage fund, which inched up by 6% over June, and 11.8% between January and June, almost doubling the […]
John Paulson of Paulson & Co., who correctly forecasted that both Whiting Petroleum Corp (NYSE:WLL) and Kodiak Oil & Gas Corp (USA) (NYSE:KOG) could be takeover targets, is now predicting increased consolidation in the U.S. oil and gas industry going forward. His prophecy became fulfilled when Whiting Petroleum announced, a few days ago, that it […]
Icahn and Ackman Publicly End Feud With an Embrace (New York Times) A dispute between two billionaire investors, Carl C. Icahn and William A. Ackman, ended with a phone call a few weeks ago and, on Wednesday, a public embrace. Mr. Ackman called Mr. Icahn’s office and told his assistant, “Tell Carl I’m calling to forgive him,” Mr. Ackman […]
Hedge fund manager John Paulson famously became a billionaire during the financial crisis by shorting, or betting against, subprime mortgages. Effectively, he bet against the housing market. But now he thinks that buying a house is "the...Show More Summary
Although their union hasn’t been formally announced, Sprint (S) and T-Mobile (TMUS) already have the blessing of one of their biggest shareholders: John Paulson. The billionaire hedge fund manager is the third and fourth largest shareholder of the two companies, respectively, and was instrumental in last year’s mergers—T-Mobile’s purchase of MetroPCS and Softbank’s purchase of [...]
Some Top Money Managers Push for Fed to Start Raising Interest Rates (NYTimes) The Fed is out of step with Wall Street, say some of the country’s wealthiest investors. If there was one thing that hedge fund managers kept coming back to time and time again at the CNBC Delivering Alpha conference on Wednesday, it […]
Closely-followed hedge fund manager John Paulson sounded confident in a Valeant/Allergan deal at CNBC's Delivering Alpha. Paulson, who has been running his fund for 20 years, said it's a "very exciting time" to be involved in merger arbitrage right now. Show More Summary
John Paulson has decided to trim exposure to CNO Financial Group Inc (NYSE:CNO) and has sold some 1.9 million shares. As a result, his fund, Paulson & Co, is left holding 10.5 million shares, which account for approximately 4.7% of the total number of shares outstanding, according to a recent filing with the Securities and Exchange Commission. […]
Paulson’s Credit Opportunities fund up 6.6 percent ytd to end-May: source (Reuters) Hedge fund manager John Paulson‘s credit opportunities and merger arbitrage funds were up 6.6 percent and 3.3 percent year-to-date through the end of May, respectively, easily surpassing their benchmarks, according to an investor in attendance at Paulson & Co’s recent mid-year client event. […]
[Over at Equitable Growth:](http://equitablegrowth.org/2014/06/26/sell-short-selling-short-thursday-focus-june-26-2014/) In relatively short order after John Paulson and company figured out how to sell mortgage finance short--howto collect...Show More Summary
Warren Buffett’s BNSF and Canadian Pacific Railway gets U.S. deadline to solve grain backlog (Financial Post) Warren Buffett’s BNSF Railway Co. and Canadian Pacific Railway Ltd. face a June 27 deadline to say how they will clear a backlog of grain shipments that has some farmers fuming over rotting wheat and late deliveries. The U.S. Surface […]
Reuters is reporting that billionaire hedge fund manager John Paulson has bought 6 million shares of Allergan, or about a 2% stake. They're also reporting that Paulson supports an Allergan/Valeant merger. Back in April, activist investor...Show More Summary
Might you want to buy into some of these companies, too?
Might you want to buy into any of these stocks, too?
Mostly due to a killer Memorial Day weekend BBQ out east, but he’ll take what he can get. The Paulson Partners Enhanced fund, a merger-arbitrage strategy that uses leverage to amplify gains, rose 1.9 percent last month and 4.8 percent...Show More Summary
David Tepper Tells CNBC His Market Concern is Alleviated (BusinessWeek) Billionaire hedge-fund manager David Tepper, who said last month that he was nervous about financial markets because the economy wasn’t growing at a sufficient pace, said his concerns have been alleviated. The founder of $20 billion hedge-fund firm Appaloosa Management LP made the comments today […]
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