×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: john paulson | hedge fund | jobs | cuts

NY Post: John Paulson Cuts Senior Traders, Partners as Hedge Fund Shrinks

NY Post: John Paulson Cuts Senior Traders, Partners as Hedge Fund Shrinks
Donald Trump, left, pauses with hedge fund manager John Paulson after speaking at a lunch hosted by the Economic Club of New York in September 2016. (Photo: Spencer Platt/Getty Images,)

Friday, 16 March 2018 03:38 PM EDT

Hedge fund titan John Paulson, who rose to fame a decade ago betting against the U.S. housing market, has cut several senior traders and partners.

The firm, which has seen headcount fall and assets dwindle, let go of its head of trading, Keith Hannan; head credit trader, Brad Rosenberg; and firm partners Victor Flores and Allen Puwalski.

“We are rightsizing the firm to focus on our core expertise in areas that are growing,” according to a statement from the firm, Paulson & Co., on Friday.

The hedge fund runs about $9 billion and most of that is Paulson’s own personal capital. At its peak in 2011, the firm ran $38 billion.

© Copyright 2024 Bloomberg News. All rights reserved.


StreetTalk
Hedge fund titan John Paulson, who rose to fame a decade ago betting against the U.S. housing market, has cut several senior traders and partners.
john paulson, hedge fund, jobs, cuts
111
2018-38-16
Friday, 16 March 2018 03:38 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved