Paulson & Co. is an employee-owned hedge fund based in New York City. Founded by John Paulson in 1994, the firm manages accounts for banking associations, corporations, and pension and profit sharing plans. It also provides services for investment vehicle pools.
John Paulson currently holds the position of firm president and senior fund manager for all funds under management. His previous experience in the field includes serving as a General Partner of Gruss Partners, a merger arbitrage specialist, and a Managing Director in Mergers and Acquisitions of Bear Stearns.
Listed among the most successful hedge funds, Paulson & Co. climbed dramatically in the industry when John Paulson accurately predicted the collapse of the subprime mortgage market in 2008 and made more than $3 billion.
The firm has eight hedge funds under management today. These include the Paulson Advantage Fund, the Paulson Advantage Plus Fund, the Gold Fund, Paulson Partners, Paulson Enhanced, Paulson Recovery, Paulson Real Estate Recovery, and the Credit Opportunities Fund.