Top Paulson Banking Analyst To Launch Hedge Fund

Mar 14 2012 | 2:38pm ET

Paulson & Co. has lost its top banking analyst, who plans to launch his own hedge fund.

Robert Lacoursiere left New York-based Paulson last week, Bloomberg News reports. He will launch his financials hedge fund within six months.

Lacoursiere did not make investment decisions at Paulson, instead overseeing the firm's 10 financials analysts. The now-former partner joined Paulson in 2008, the same year that Paulson suffered its last top departure, that of Paolo Pellegrini, from Bank of America Securities.

Lacoursiere also formerly worked at Capital One Financial, Lehman Brothers and Bear Stearns.

The stocks that Lacoursiere and his team covered have weighed heavily on Paulson, which saw its largest hedge fund lose more than 50% last year. The firm recently sold off its entire holdings in Citigroup and Bank of America.

Lacoursiere's exit follows the brief departure of one of his analysts, Zach Gast. Gast quit in January only to be rehired this month to work at Paulson's London office.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...