Hedge-Fund Manager Nets $5B

Wall Street

Updated Apr. 24, 2017 4:51PM EDT / Published Jan. 28, 2011 2:27AM EST

Hedge-fund manager John Paulson made more than $5 billion in profits in 2010, likely the largest one-year gain in investing history. But it’s not so much because they made winning bets as because they bet a lot: The largest hedge fund in Paulson’s $36 billion portfolio grew by 17 percent. One of his smart moves was to embed bets on the price of gold into each of his funds. Though he made more money than in 2007, the payoff wasn’t as spectacular as when he got returns of 590 percent by betting against subprime mortgages.

Read it at The Wall Street Journal

Trump Team Scheming to Devalue Dollar if He Wins: Report

It’s an aggressive move designed to reduce the trade deficit—but risks losing the dollar’s coveted status as world reserve currency.

Alarms Went Off on Ship Hours Before Bridge Crash: Report

The Dali had not even left port when the alarms were triggered.

GOP Event Cut Off Rob Schenider’s Bad Stand-Up: Report

The Adam Sandler-adjacent comedian was booted offstage ten minutes into a set that was reportedly so “gross and vulgar” that it prompted a junior senator to walk out.

Caitlin Clark Finally Learns Which WNBA Team She’ll Join

“I got a little anxious there before the pick,” Clark said after the announcement.

NY Philharmonic Benches Musicians Amid Sex Assault Scandal

Matthew Muckey and Liang Wang were fired by the orchestra in 2018 after a female musician accused them of sexual misconduct. They were reinstated two years later.

Owners Ready to Sell Ford Bronco From O.J. Chase: Report

The SUV is currently owned by Simpson’s ex-manager Michael Gilbert and two associates of Al Cowlings, who was driving the vehicle during the legendary 1994 police chase.

Prince Harry Loses Initial Bid to Appeal Security Ruling

Despite the ruling, Harry plans to fight on.

Clarence Thomas Mysteriously Absent From SCOTUS Arguments

The court declined to give a reason for the absence but said Thomas would “participate fully” in the cases through briefs and transcripts.

Hedge-Fund Manager Nets $5B