Falling Numbers Keep Paulson Awake Nights

Oct 21 2011 | 9:47am ET

Hedge fund billionaire John Paulson told a panel at an industry conference he “hasn’t been getting a whole lot of sleep lately,” reports the Wall Street Journal.

A participant at the Managed Funds Association conference, which was closed to media, told the paper that the Paulson & Co founder said he didn’t like losing money—something he’s been doing for much of this year. Paulson’s flagship fund is down 47% this year and in a phone call with investors earlier this month the money manager, who made his reputation betting against subprime mortgages, admitted to making “mistakes.”

The WSJ says Paulson was relatively quiet during the panel discussion with fellow fund managers Paul Singer and Eric Mindich, entitled “Challenges, Opportunities and What Keeps You Up at Night?”


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