Hedge Fund Giant John Paulson Reduces Financials, Puts Money in Other Sectors |
| February 22, 2013 | February 2013 Bond Updates |
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John Paulson’s investing philosophy is based on making sector bets according to his interpretation of the macroeconomic picture. The strategy paid off well when he made $3.7 billion in 2007 shorting the subprime mortgage market and another $5 billion in 2010 primarily by betting on gold. Times have been less spectacular since then, with his funds losing 36% in 2011 by being too early in financials and returning 1% in 2012. |
| View more at: http://www.forbes.com/sites/gurufocus/2013/02/22/hedge-fund-giant-john-paulson-reduces-financials-puts-money-in-other-sectors/ |
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