Assets at John Paulson’s Paulson & Co. Plunge by 40 Percent

The once-gilded hedge fund manager, who posted big losses in several of his hedge funds last year, is managing a fraction of what he did at the firm’s peak.

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John Paulson, president of Paulson & Co. Inc (Photo credit: Rick Maiman/Bloomberg)

If following hedge funds for years has taught me anything, it’s that the mighty can fall.

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