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Paulson & Co. Inc. (“Paulson”) is an investment management firm, established by its president and portfolio manager,〔 John Paulson in 1994.〔 Specializing in "global merger, event arbitrage and credit strategies",〔 the firm had a relatively low profile on Wall Street until its hugely successful bet against the subprime mortgage market in 2007. Headquartered in New York with offices in London and Hong Kong,〔(【引用サイトリンク】url=http://www.paulsonco.com/john-paulson/ )〕 the company operates as a partnership,〔(【引用サイトリンク】url=http://www.paulsonco.com/john-paulson/ )〕 managing eight hedge funds as of 2013.〔(【引用サイトリンク】url=http://www.hedgetracker.com/paulson.php )〕 It has approximately 120 employees,〔 and $18 billion in assets under management.〔 The firm primarily provides its services to pooled investment vehicles, but also caters to banking or savings and loan institutions. It employs "fundamental analysis" to make its investments which may include "merger arbitrage, long/short, and event-driven strategy".〔(【引用サイトリンク】url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4532548 )〕 ==Business== The firm is a partnership,〔 the partners being John Paulson and 10+ other members of the firm.〔 Paulson & Co. provides services to investment vehicle pools and manages accounts for banking institutions, corporations and pension and profit sharing plans.〔 As of September 2013 it had $18 billion in assets under management, down from $36 billion in early 2011.〔(Forbes: "The World's Billionaires - John Paulson" ) September 2013〕 Almost 60 percent of the assets under management belong to the firm’s own employees — including John Paulson’s — as of 2012.〔 External investors in the Paulson funds include financial institutions, corporate and public pension funds, endowments, foundations and high-net-worth individuals. The eight hedge funds Paulson & Co. currently manages are:〔 *Paulson Advantage Fund (its flagship fund)〔 *Paulson Advantage Plus Fund *Gold fund (launched in January 2010 with a long-term strategy focus investing in mining companies and bullion-based derivatives)〔 *Paulson Partners *Paulson Enhanced *Paulson Recovery *Paulson Real Estate Recovery (launched in 2009 to invest in distressed real estate markets with a 'private equity' investment style)〔 *Credit Opportunities Fund. Areas of expertise include: * Merger arbitrage: High quality spread deals, announced mergers with the possibility of higher bids, unique deal structures, short deals unlikely to close; * Event arbitrage: Spin-offs, litigations, restructurings, proxy contests, post-Bankruptcy equities; * Distressed securities: Liquidations, high yield long/short, capital structure arbitrage, bankruptcies, reorganizations. With goals of: *capital preservation, *above average returns, *low volatility, and *low correlation to the broad markets.〔 There are approximately 50 investment professionals in the firm, including John Paulson who is the Portfolio Manager for all funds under management. Other key investment professionals include Andrew Hoine,〔“The Greatest Trade Ever,” pg. 97. referred to as “research director"〕 Nikolai Petchenikov,〔The Wall Street Journal Europe, “Financial News: Peek at Paulson's success --- Europe partners saw $52.7 million profit; bearish bets on banks,” January 30, 2009. Petchnikov is a London-based partner.〕 Sheru Chowdry,〔(The Sweet Spot ), Vanderbilt.edu. Chowdry is referred to as “Managing Director and Partner at Paulson & Co”.〕 Sihan Shu, Michael Waldorf〔The Greatest Trade Ever,” pg. 203. Referred to as “a lawyer on Paulson's team”.〕 and Ty Wallach.〔(Meet The 10 Hedge Fund Superstars That John Paulson Just Promoted To Partner ), businessinsider.com.〕 Paulson also has an external Advisory Board of well known economists that meets on a monthly basis to discuss investment themes, macroeconomic risks, and global fiscal and monetary policy. Current members of the Paulson advisory Board are Alan Greenspan (President of Greenspan Associates LLP), Christopher Thornberg (Economist, Beacon Economics LLC), Edward Altman (Professor, Stern School of Business, NYU), and Martin Feldstein (Professor, Harvard University). Through its domestic and international entities, Paulson is registered with the U.S. Securities and Exchange Commission (SEC) in the United States, the Financial Services Authority (FSA) in the United Kingdom, and the Securities and Futures Commission (SFC) in Hong Kong. Through the various filing requirements imposed by these regulatory bodies, Paulson makes regular disclosures regarding its portfolio holdings across various jurisdictions. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Paulson & Co.」の詳細全文を読む スポンサード リンク
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