Paulson posts record $5bn hedge fund profit

clock

Hedge fund manager John Paulson netted more than $5bn (£3.15bn) last year, likely to be the biggest annual profit in investing history, according to the Wall Street Journal.

The figure betters the $4bn Paulson made in 2007 through shorting sub-prime mortgages. A chunk of the manager's profit came from his firm Paulson and Co's investment, and 20% from performance fees, while the majority came from investment gains in his funds. Paulson made winning bets on commodities, emerging market companies, bank shares and US treasury bonds. Other hedge fund managers who received huge rewards despite the fragile state of the world economy include Appaloosa Management founder David Tepper and Bridgewater Associates chief Ray Dalio, each personally making between $...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Partner Content: Is the interest rate descent the time to harvest bonds?

Partner Content: Is the interest rate descent the time to harvest bonds?

Markets expect interest rates to fall this year, offering investors the strongest opportunity for fixed income seen for a long time. Watch this video podcast to learn how best to harvest this exciting opportunity.

Sarka Halas
clock 28 March 2024 • 1 min read
Partner Insight: How effective are impact investments?

Partner Insight: How effective are impact investments?

Impact investing has transformed over the past decade, giving investors the opportunity to pursue both financial returns and social and environmental outcomes.

Sarka Halas
clock 27 March 2024 • 2 min read
Partner Insight: High-yield investors should keep a close eye on the default cycle

Partner Insight: High-yield investors should keep a close eye on the default cycle

As central banks start to think about cutting interest rates, forecasts for a peak in credit default rates are not far behind — and could happen sooner than expected, says Wellington Management’s Alex King.

Sarka Halas
clock 27 March 2024 • 2 min read
Trustpilot