New York
JOHN Paulson is one of the best-known names in the hedge fund industry. But these days, he is having more success in the political realm than he is managing his business.
Mr Paulson, 61, was one of the first people on Wall Street to back Donald Trump's bid for the US presidency. He counselled Mr Trump on economic matters during the campaign. He gave US$250,000 to Mr Trump's inaugural committee. And he recently visited Mr Trump at the White House for a "CEO town hall".
But his investors are unlikely to be impressed by his political access. His firm, Paulson & Co, has recorded nearly double-digit losses in several of its larger funds as at the end of March.
That dismal record is a far cry...
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