Paulson hedge fund money-big-fat sub-prime financial.

U.S. subprime mortgage problems that continued global financial turmoil has ended in collapse of hedge funds hard to continue, but some hedge funds earned pours. ."Institutional Investor's Alpha" (IAA) announced last fifty largest magazine the most profitable hedge fund manager, topped the U.S. Treasury Secretary Henry Paulson earned $ 3,700,000,000 Jin; well-known international speculator George Soros second place, but still hit the jackpot 29 .billion. .<P> IAA pointed out that the most profitable last year, the fifty largest hedge fund managers earned a total of 29 billion U.S. dollars, the average of 892 million, rose 68% over the previous year, at least the threshold should also list were $ 360,000,000, in 2002 .18 times the year, but no president of a traditional Wall Street, accusing him of ENTRY. .</ P> <P> 52-year-old Paulson is responsible for managing the "Paulson" assets by the end of 2006 to six billion U.S. dollars last year rose to 280 billion dollars. .He then vision, 2005, Merrill Lynch and Citigroup and other investment banks rely on to earn huge profits selling sub-prime, he would not optimistic about the U.S. housing market and subprime lending, short selling in 2006 set up two funds of the complex sub-prime and derivative products ., which rose more than five times a year. .</ P> <P> London hedge fund consultancy IGS Gordon said: "Paulson to capture the market opportunity, King's Fund earned, so his return is also high, people who bought his fund is also very fortunate ., profit a lot. "</ P> <P> Paulson was born in Queens, New York, received a master's degree at Harvard Business School, early in the Bear Stearns office in 1994 set up his own hedge fund, but still not well known .However, when the subprime mortgage crisis after another outbreak in 2007, major investments have recorded huge losses Dahon, Paulson has become an overnight success. .Subprime-induced credit problems intensified, and eventually serving in the past, Paulson was also caused the collapse of Bear Stearns. .January 2008, Paulson's company reportedly hired former Federal Reserve Chairman Alan Greenspan as a consultant. .</ P> <P> addition to Paulson, the investment of Soros saw the subprime mortgage crisis spread last summer, after retirement, it is also Jiyang to re-operate business, its 170 billion dollars in "quantum fund" last year, an increase of 32 .%, his personal salary rose to rank fifth from the year before last year's second number one last year, former defense experts, Simmons is finished third decryption. .</ P> <P> Gordon said: "At present it seems as if 2007 was the year of peak, but not the performance of the first quarter of this year to project the results of a year, many funds can be volatile market conditions this year, under the map .Lee. "</ P>.