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hughb
 

Registered: Feb 2007
Posts: 2203

 

10-26-12 07:29 PM

and it may get worse here pretty soon. The deadline for redemption notifications is October 31.

http://finance.yahoo.com/news/pauls...Y3Rpb25z;_ylv=3

From the article:


"In my 20-plus years, I have never seen someone go from so high to so low in such a time period," said Brad Alford, who runs the Atlanta investment firm Alpha Capital Management and had originally invested about $10 million of his high net worth clients' money in Paulson. That figure, Alford estimated, is now closer to $3 million.

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hughb
 

Registered: Feb 2007
Posts: 2203

 

10-26-12 07:32 PM

This CNBC story about Paulson's favorite stocks doesn't mention AAPL: http://www.cnbc.com/id/46684600?__s...xt%7C&par=yahoo

Does anybody know if he has it in any of his funds?

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chaykapwr
 

Registered: Mar 2009
Posts: 613

 

10-26-12 07:34 PM


Quote from hughb:

This CNBC story about Paulson's favorite stocks doesn't mention AAPL: http://www.cnbc.com/id/46684600?__s...xt%7C&par=yahoo

Does anybody know if he has it in any of his funds?



No, his exposure in tech was in HPQ not apple...

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Laissez Faire
 

Registered: Sep 2010
Posts: 4160

 

10-26-12 08:07 PM

Read "Fooled By Randomness" or an introductory book on statistics.

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newwurldmn
 

Registered: Apr 2011
Posts: 2662

 

10-26-12 08:44 PM

He's a good portfolio manager.

Before he was big he was doing very well as a risk arb guy. He had amassed a personal fortune of 100MM running a few hundred million dollar fund. So he must have been putting up consistent returns for many years.

He hit the lottery ticket and the next year is expected to run a 20 Billion dollar fund. How's he going to do that? He's used to running a 400MM fund.

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Pekelo
 

Registered: Aug 2005
Posts: 8988

 

10-26-12 08:48 PM

Fun fact: Trade your own money differently than your fund:

"His flagship fund, Paulson Advantage Fund, was down over 40% as of September 2011. During that same time, Paulson had invested most of his personal fortune in gold and it had grown by $3.1 billion from September 2010 to September 2011."

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