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Loan Modification
: Mortgage Lender Implode-o-MeterLate gains let Paulson funds race ahead in 2010
By Implode-Explode Heavy Industries
Hedge fund manager John Paulson's main portfolios realized double digit gains in 2010 after bets that the economy would begin to recover helped fueled a late year recovery that rescued the year's terrible start.
Since earning $15 billion in 2007 on a bet that the U.S. housing market would crumble, Paulson has become one of the world's most closely watched investors. This year's performance cements his reputation.
He must have lightened up on banks. Little-mentioned in this article are his gold-related investments.
Full post as published by Mortgage Lender Implode-o-Meter on January 07, 2011 (boomark / email).
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