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.
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.
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.
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.
Hedge-fund manager John Paulson posted October gains in his main investment strategies as a stock market rally helped the billionaire extend this year’s rebound, according to a person briefed on the matter.