Paulson & Co. (PCI)

Paulson & Co. (PCI) is an employee owned hedge fund. The fund primarily provides its services to pooled investment vehicles along with accounts for banking or thrift institutions, pension and profit sharing plans, and corporations. The firm invests in the public equity markets while employing merger arbitrage, event-driven, and long/short strategies. The fund was founded in 1994 and is based in New York, New York.

John Paulson is the founder of Paulson & Co. He attended New York University's College of Business and Public Administration and was the Valedictorian of his class. He received his MBA from Harvard Business School. Prior to forming Paulson & Co. he worked at Boston Consulting Group, Odyssey Partners, Bear Stearns and became a general partner at Gruss Partners.

The hedge fund made big headlines in 2008 after John Paulson made an estimated $3-$4 billion for himself by betting against the US housing market.

Paulson & Co.'s biggest positions at the end of 2010 were: SPDR Gold Shares (NYSE: GLD), AngloGold Ashanti Ltd. (NYSE: AU), Citigroup, Inc. (NYSE: C), and Bank of America (NYSE: BAC).

View the rest of Paulson & Co.'s portfolio here.

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