Bloomberg Businessweek

A Hedge Fund That Eats Its Losses

John Paulson offers to protect investors from his mistakes—in exchange for a steeper fee

Billionaire hedge fund manager John Paulson, famous for his winning bet against subprime mortgages before the financial crisis, has been having a rough time. After a stretch of poor performance, many of his clients have fled. His firm’s assets have shrunk to about $9 billion from $38 billion in 2011. Now

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