Need to lower your tax bracket, he will lose money for you and charge you a small performance fee for it. http://www.bloomberg.com/news/2013-04-11/john-paulson-to-start-fund-to-reduce-clients-tax-bills.html âHe seems to be more focused on avoiding income taxes than on generating returns for his investors,â said Brad Alford, head of Atlanta-based Alpha Capital Management LLC, who runs a mutual fund of funds that invests in hedge funds. âIt gives billionaires a bad name.â