Paulson suffers $2 billion slump in assets

By Britt Erica Tunick

Thu Jul 8, 2010



Redemptions and losses, though offset by a rise in its gold investments, contributed to the drop.


Paulson & Co. was hit with roughly $2 billion in redemptions at the end of June, an amount some investors found surprisingly low given its recent losses and lingering uncertainty about whether the firm might become embroiled in the Securities and Exchange Commission's charges against Goldman Sachs for the structuring of a failed mortgage product.


As of July 1, Paulson & Co.’s assets under management had fallen to $30.9 billion, down...

ISSN: 2151-1845 / CDC10004H

Register

By registering you will receive

  • A monthly newsletter on your specified areas of interest
  • A fortnightly update on the sector

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates


Popular Searches on HFI