Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies last month, in part from an investment in hotel company Extended Stay America Inc., two people familiar with the matter said.
Billionaire hedge-fund manager John Paulson posted gains in his firm’s main strategies in November, in part from an investment in Extended Stay America Inc., according to two people familiar with the matter.
In the months following more than 40 deaths in protests over South African mineworkers’ pay last year, Gold Fields Ltd. Chief Executive Officer Nick Holland hatched a plan to spin off his company’s mines in the country.
Liam McGee, who led a rebound at Hartford Financial Services Group Inc. after shunning John Paulson’s call to split the insurer, said executives shouldn’t be defensive when handling activist investors.
Billionaire hedge-fund manager John Paulson told clients he wouldn’t personally invest more money in his gold fund because its not clear when inflation will accelerate, according to a person familiar with the matter.
Blackstone Group LP, Centerbridge Partners LP and Paulson & Co. are poised to almost triple their investment when Extended Stay America Inc. goes public, three years after the firms bought the hotel chain out of bankruptcy.