Saturday, November 15, 2014

Are Henry Paulson and John Paulson related?

Are Henry Paulson and John Paulson related?
No

"The publicity-shy Paulson, who is not related to Treasury Secretary Henry Paulson, eschews the workaholic Wall Street ethos and tries to get home to his $15 million townhouse on the upper East Side in time for dinner."

http://www.nydailynews.com/money/2008/01/16/2008-01-16_queensborn_john_paulson_makes_fortune_on.html
(Bloomberg) -- The subprime crisis that's caused so much trauma for hedge funds and investment banks has brought only good news for John Paulson. He's the manager of more than $7 billion in hedge fund money keyed to mortgage credit.Paulson started warning his investors back in the middle of 2006 that the frenzy to build and sell housing was a bubble about to pop. His New York-based firm, Paulson & Co., made big bets predicting the edifice would soon come crashing down. The wager paid off in the first nine months of 2007, when Paulson's Credit Opportunities funds rose an average of 340 percent.That gain earned Paulson an estimated $1.14 billion in performance fees for the nine months ended on Sept. 28. Fees on Paulson's other eight funds bring his total to $2.69 billion, which puts Paulson and co-manager Paolo Pellegrini at the top of Bloomberg's ranking of best-paid hedge fund managers. John Paulson is no relation to Treasury Secretary Henry Paulson, the former chief executive officer of Goldman Sachs Group Inc.

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