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John Paulson Pitches New Fund to Investors

Apr 14, 2013
Jing Chen

Hedge fund guru John Paulson is planning to launch a hedge fund to help investors lower their taxes.

Bloomberg reported that Paulson, the founder and president of New York-based Paulson & Co., has invited potential clients to the hedge fund’s office on April 24 to present the new fund, which will include a 15-minute discussion of tax-deferred or tax-free investing.

eVestment reported last month that Paulson was considering a move to Puerto Rico to avoid domestic high tax rates. Puerto Rico recently passed a law that would eliminate taxes on gains, which would benefit Paulson as he has about $9.5 billion invested in his own hedge funds. Paulson has since released a statement dismissing the relocation.

Paulson rose to fame after making $3.7 billion in 2007 by short-selling subprime mortgages. Paulson & Co. currently manages approximately $18 billion in in assets, down from its $36 billion AuM in 2010.

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