Billionaire Investor John Paulson Walked Through his Iconic Bet Against the Housing Bubble in a Recent Interview. Here are the 11 Best Quotes. (Business Insider)
John Paulson explained his famous bet against the US housing bubble in a recent episode of Finanze, a podcast hosted by Logan Lin, a 17-year-old student at a California high school. The billionaire investor – who converted his Paulson & Co. hedge fund into a family office last year – detailed how he anticipated the housing market’s collapse, shorted about $25 billion of securities, and scored a $15 billion windfall. His wager was immortalized in the book “The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History.”
Hedge Fund Guru Ray Dalio Warns of U.S./China ‘Great-Power Conflict’ at Greenwich Economic Forum (Greenwich Time)
GREENWICH — A few years ago, the founder of Westport-based Bridgewater Associates, the world’s largest hedge fund manager, wrote a No. 1 bestseller explaining the principles that guide him in business and other pursuits. Now, in the midst of the COVID-19 pandemic, Greenwich resident Ray Dalio said he has been thinking and writing about the precepts needed to respond to a world that is not only grappling with the worst public health crisis in 100 years but also contending with massive political and economic disruption.
This Credit Hedge Fund Takes a Cue From Tiger Global (Bloomberg)
Speed of capital. It’s a term Scott Goodwin and Jonathan Lewinsohn use to explain what makes their credit hedge fund, Diameter Capital Partners, different. In this interview excerpt, they explain why making quick decisions on bonds and loans is a competitive advantage — and why there are parallels to Tiger Global Management in venture capital and Blue Owl Capital Inc. in non-bank lending. Goodwin and Lewinsohn spoke exclusively with Erik Schatzker on Bloomberg’s “Front Row.” (Source: Bloomberg)
Photo by Marga Santoso on Unsplash
‘Rising Star of Hedge Funds’ Launches Quadratic Deflation ETF (Hedge Week)
Asset management firm Quadratic Capital Management has launch the Quadratic Deflation ETF (NYSE Arca: BNDD). Managed by Nancy Davis, Quadratic Capital Management’s Founder and Chief Investment Officer who has been dubbed a rising star of hedge funds’, BNDD seeks to profit from a variety of challenging environments including lower growth, deflation, lower or negative long-term interest rates, and/or a reduction in the spread between shorter and longer-term interest rates by investing in US Treasuries and options.
Schroders Hires Aktia Duo (Hedge Nordic)
Stockholm (HedgeNordic) – British asset manager Schroders has hired Jan Brännback and Janne Lähdesmäki, two experienced fund managers from Finnish asset manager Aktia Asset Management. The duo, who specializes in small and micro caps, will join Schroders next year and will be based in Schroders’ Helsinki office. “The Nordic region is home to some of the world’s most innovative companies and we expect Jan and Janne to provide our Equities business with on the ground insight into future technologies and leading edge sustainable businesses,” comments Rory Bateman, Head of Equities at Schroders. “Their investment process is geared towards identifying innovative growth companies that demonstrate a structural competitive edge in their sectors. Integrating sustainable risks and opportunities is also a key component.”
