Armel Leslie

Soros, Eton Park Raised Gold ETP Holdings Before Price Drop

Billionaire investor George Soros increased his holdings in the SPDR Gold Trust in the first quarter while John Paulson maintained his stake, the fund’s largest, before bullion prices erased gains for the year.

Ally Said to Get ResCap Bondholder Backing for Bankruptcy

Ally Financial Inc., the auto lender majority-owned by U.S. taxpayers, received an oral commitment from bondholders of Residential Capital to support a bankruptcy filing for the mortgage unit that could come early next week, people with direct knowledge of the talks said.

Ally Said to Gain ResCap Bondholder Support for Bankruptcy Plan

Ally Financial Inc., the auto lender majority-owned by U.S. taxpayers, received an oral commitment from bondholders of Residential Capital to support a bankruptcy filing for the mortgage unit that may come early next week, according to people with direct knowledge of the talks.

Paulson Hedge Fund Said to Extend Slump With April Loss

John Paulson, the billionaire hedge- fund manager seeking to reverse record losses in 2011, lost 6.7 percent last month in one of his largest funds as gold-mining stocks dropped, said two people briefed on the returns.

Bank Credit Worst to Companies Since Crisis Peak

The debt of banks is trading at the biggest discount to the broader corporate bond market since the depths of the funding squeeze in November as Europe’s sovereign crisis again threatens to rattle global financial markets.

Paulson Said to Short Europe Bonds Amid Spain Concern

John Paulson, the billionaire hedge-fund manager seeking to reverse record losses in 2011, told investors he is shorting European sovereign bonds, according to a person familiar with the matter.

Paulson Joins Vinik Selling SPDR Gold Shares as Soros Buys

Paulson & Co., the hedge fund founded by billionaire John Paulson, cut its stake in the SPDR Gold Trust for the second straight quarter, while billionaire investor George Soros increased his holdings.

Hartford to Pay Allianz $2.43 Billion to Buy Debt, Warrants

Hartford Financial Services Group Inc., the insurer being pressured by investor John Paulson to break up, will pay about $2.43 billion to buy back debt and warrants issued to Allianz SE.

Paulson Gold Fund Said to Fall 13% as Mining Stocks Slump

Paulson & Co.’s Gold Fund lost 13 percent in March, according to a person with knowledge of the returns, as investors sold off bullion and mining stocks such as AngloGold Ashanti Ltd. slumped.

Paulson’s Advantage Plus Fell 1.5% Last Month, Bringing 2012 Gain to 3.5%

John Paulson lost 1.5 percent in February in one of his largest hedge funds, according to an investor update, even as the Standard & Poor’s 500 Index gained 4.1 percent during the month.

"We are extremely disappointed by the action filed today by a single law firm in the Delaware Court, which is an attempt to derail the continued hard work of over 100 investors."

- Armel Leslie on May 23, 2011

John Paulson

New York

Europe

Spain

Facebook Said to Raise Size of IPO to 421 Million Shares

Facebook’s Saverin May Save $67 Million on U.S. Tax Bill

Greece Plans for June 17 Vote Under Caretake Government

Berkshire Takes GM Stake as Buffett Deputies Buy Stocks

Merkel-Hollande Meeting Yields Greece Growth Signal