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Armel Leslie News

  • Soros Joins Gold-Stake Cuts Before Bear Market Drop

    Billionaire investor George Soros joined Northern Trust Corp. and BlackRock Inc. in cutting holdings of exchange-traded products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost about $165 million in the first quarter.

  • Paulson Said to Team With Insurer for Low-Tax Merger Fund

    Billionaire John Paulson will offer a new fund designed to lower U.S. taxes for investors through insurer Philadelphia Financial Group Inc., said two people with direct knowledge of the matter.

  • Billionaire Paulson Lists Aspen Ranch for $29.9 Million

    Billionaire John Paulson, who last year acquired the largest residential property in Aspen, Colorado, is selling his smaller, 13,000-square-foot home there.

  • Paulson Real Estate Unit Flees Resort Suit For Bankruptcy

    Billionaire John Paulson sought bankruptcy court protection for a real estate unit of his hedge fund after executives there were sued for alleged conflicts of interest in the asset sales of five bankrupt resorts.

  • Paulson Said to Lose 27% in Gold Fund Last Month in Rout

    Billionaire John Paulson, the hedge- fund manager seeking to reverse two years of losses in some of his strategies, lost 27 percent in his Gold Fund last month after the precious metal and related securities plummeted, according to two people familiar with the matter.

  • Gold Futures Decline as Haven Demand Ebbs Amid Europe Optimism

    Gold fell after Dutch Finance Minister Jeroen Dijsselbloem discussed details for the European banking union project, adding to signs that the leaders will act to contain the region’s fiscal crisis and eroding demand for haven assets.

  • Gold Assets in Fund Paulson Holds at Lowest in Four Years

    Assets in the SPDR Gold Trust, the bullion-backed exchange-traded fund that’s held by billionaire John Paulson, dropped to the lowest level in four years as U.S. equities climbed to a record.

  • Paulson Leads Hedge-Fund Lobby Push to Privatize Fannie

    Hedge funds including Paulson & Co. Inc. are pushing Congress to abandon plans to liquidate Fannie Mae and Freddie Mac as investors buy up preferred stock that has long been considered worthless, according to people with knowledge of the discussions.

  • Paulson Reinsurer Lags Peers in Sales in First Year

    Billionaire John Paulson’s Bermuda venture, which positions its owners to avoid taxes on hedge fund earnings by routing money through a reinsurer, sold about 3 percent as much coverage as competitors in its first year.

  • Paulson Said to Tell Clients He Likes Convertible Bonds

    John Paulson, the hedge-fund manager trying to recover from more than two years of losses in some of his funds, told investors he likes convertible bonds, according to a person familiar with the matter.

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