John Paulson Financier John Alfred Paulson is an American hedge - TopicsExpress

John Paulson Financier John Alfred Paulson is an American hedge fund manager who heads Paulson & Co., a New York-based investment management firm he founded in 1994. Wikipedia Born: December 14, 1955 (age 58), Queens, New York City, NY Spouse: Jenny Paulson Education: Harvard Business School (1980), More bloomberg/news/2012-02-21/paulson-fund-sued-over-sino-forest-losses.html John Paulson’s $23 billion hedge fund was sued by an investor over Paulson & Co.’s reported $468 million losses in Sino-Forest Corp. (TRE) last year. Hugh Culverhouse seeks class-action status on behalf of all investors who lost money in the hedge fund, according to a complaint filed today in federal court in Miami. “Defendants breached their fiduciary duties by conducting a grossly negligent due diligence analysis of Sino-Forest’s business operations that did not analyze the substantial risks of holding a near-billion-dollar investment in a forestry company based in China,” Culverhouse said in his complaint. Sino-Forest’s shares dropped more than 80 percent in June when Carson Block’s Muddy Waters LLC said the Hong Kong-based company overstated its timber holdings. Sino-Forest denied the allegations.

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