Billionaire John Paulson’s Top 10 Stock Picks
The investing guru billionaire John Paulson, who converted his hedge fund into a family office in 2020, has benefited from its bullish bets on gold and healthcare stocks in 2020 after seeing lackluster returns in the past few years. The founder of New York-based hedge fund Paulson & Co is famous for making $20 billion in profits for betting against the financial collapse in 2008. Although Paulson gained roughly $5 billion in 2010 on a bet on gold, its strategy of investing billions of dollars into gold markets negatively impacted its portfolio in the last decade.
John Paulson founded Paulson & Co in 1994 and the hedge fund managed almost $36 billion of assets at its peak, but assets under management fell to $9 billion last year. The fund is currently managing almost $10 billion in assets under management and its 13F portfolio’s value stood around $3.2 billion at the end of the September quarter.