- Midas Touch Lost? Paulson Hits Hurdles in Gold Fund
- Paulson, Once a Top Earner, Tells Buffett Bankers Make Too Much
- Temasek May Set Up Hedge Fund, AsianInvestor Reports
- Terra Firma’s Guy Hands Predicts Low Buyout Volumes This Year
Midas Touch Lost? Paulson Hits Hurdles in Gold Fund – Wall Street Journal
When Mr. Paulson’s Paulson & Co. late last year announced it was starting a hedge fund to make a big gold bet, many on Wall Street expected investors to line up. Paulson & Co. scored about $20 billion in profits in 2007 and 2008 wagering against subprime mortgages and financial companies. It then bought financial shares last year to add more gains.Some gold traders expected Mr. Paulson’s new fund, launched Jan. 1, to raise billions of dollars and even help push gold higher when it started buying this year.That hasn’t happened……
Henry Paulson, who was paid an $18.7 million cash bonus for his final six months of work on Wall Street in 2006, said bank bailouts he later orchestrated as Treasury secretary should encourage firms to rein in pay.“Today restraint is very much in order by the top people,” Paulson, 63, said yesterday in an interview conducted by billionaire Warren Buffett in Omaha, Nebraska. “If you have losses you are supposed to bear responsibility.”….
Temasek Holdings Pte is planning a $3 billion hedge fund, AsianInvestor reported on its Web site, without saying where it got the information.The hedge fund may be called Seatown, the English translation of Temasek, the report said. Temasek didn’t respond to a request for comment, AsianInvestor reported. Media officials didn’t answer calls placed by Bloomberg to Temasek’s Singapore office outside of normal business hours…..
Terra Firma’s Guy Hands Predicts Low Buyout Volumes This Year – Wall Street Journal
Guy Hands, founder of private equity group Terra Firma, Wednesday gave a somber view of the private equity landscape, saying firms will only be able to make a limited number of exits from owned businesses this year and that deal volumes will remain low.His comments to attendees of the SuperReturn conference in Berlin come as a host of private equity firms are looking to bring companies to the public markets or sell them on to rivals, in the biggest burst of activity since the financial crisis struck in September 2008.Hands said volumes probably won’t pick up much in 2010 because price expectations remain high and because of increasing volatility in equity markets. Already, some private equity firms have had to pull planned IPOs or reprice them to appeal to investors….
Tags: Gold, Henry Paulson, John Paulson, Paulson & Co, Private equity, Sovereign wealth funds, Temasek
