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Strategies & Market Trends : John Pitera's Market Laboratory

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From: Don Green6/5/2017 10:50:37 AM
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John Paulson Is Struggling to Hold On to Client Money

A decade after Paulson shot to fame betting on the collapse of the U.S. housing market, the hedge-fund mogul is struggling to persuade investors to stick with him after a string of missteps on everything from gold to European bonds to drug stocks.

Since the end of 2015 alone, assets at Paulson & Co. have fallen by $6 billion from losses and client withdrawals.

The decline, underscored in the firm’s most recent regulatory filing, leaves Paulson and his employees with just $2 billion in client money. Most of the remaining $8 billion is Paulson’s own fortune.

bloomberg.com
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