- John Paulson
John Alfred Paulson (born
December 14 ,1955 ) is an Americanhedge fund manager based inNew York City .Paulson received his
BS in Finance fromNew York University ’s College of Business and Public Administration, where he graduated first in his class, and anMBA fromHarvard Business School , where he was awarded the designation of Baker Scholar, the school's top academic honor, for graduating in the top 5%. [cite web|url=http://www.moneyweek.com/file/41193/john-paulson.html|title=John Paulson|date=2008-01-25|work=Moneyweek |accessdate=2008-06-10] He is President of Paulson & Co., Inc., New York.Paulson & Co., Inc. had assets under management (as of
June 01 2007 ) of $12.5 billion (95% from institutions), which leapt to $28 billion as of January 2008. [cite web|url=http://online.wsj.com/public/article/SB12003664505729043.html?mod=hps_us_whats_news|title=Paulson Hedge Fund ] Under his direction, Paulson & Co has capitalized on the problems in the foreclosure and Mortgage Backed Securities (MBS) markets. Recently he decided to start a new fund that would capitalize on Wall Streets Capital problems by lending money to investment banks and other hedge funds currently feeling the pressure of the more than $345 billion of write downs resulting from under-performing assets linked to the housing market. On May 15, 2008, Paulson & Co., which bought 50 million shares ofYahoo stock during the first quarter of 2008, said it is supportingCarl Icahn on a proxy fight to replace Yahoo's board. [cite web|url=http://online.wsj.com/article/SB121088262819396339.html?mod=hps_us_whats_news|title=Paulson Hedge Fund to Back Icahn|date=2008-05-15]Paulson is #78 on the
Forbes 400 list of wealthiest Americans. [cite web|url=http://www.forbes.com/lists/2008/54/400list08_John-Paulson_I69G.html|title=The Forbes 400|date=2008-10-06|work=Forbes magazine |accessdate=2008-10-01]References
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