John Paulson's Paulson & Co restricts access to funds, believes the economy is rebounding
| May 11th, 2010 |
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John Paulson, founder and senior fund manager of Paulson & Co, told investors via conference call that he believes housing prices are rebounding and a strong economy recovery is underway. Paulson made headlines three years ago when his firm correctly bet home prices would decline and made $15 billion in the process. Paulson believes this is the perfect time to buy a home based on his forecasts that housing prices will grow 3 to 5 percent in 2010 and jump 8 to 12 percent in 2011. He is also bullish on stocks recovering from bankruptcy.
Paulson told investors that he has revamped his portfolios to take advantage of the short and long-term trends that he is forecasting. He also announced that he is closing his Advantage Funds to new investors in order to prevent assets from reaching an unmanageable level.
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| John Paulson; | Mena Gerowin; | Mike Barr; | Stuart Merzer | | Paulson Advantage Plus Master Ltd; | Paulson Real Estate Recovery Fund; | Paulson Recovery Fund; | PCI | More Recent Headlines
