John Paulson defends hedge fund’s investment deal with Goldman Sachs

WSJ – John Paulson hasn’t been accused of any wrongdoing. But the hedge-fund billionaire and president of Paulson & Co, has gone on the offensive to reassure investors that his huge firm will emerge unscathed from a case that has drawn him into a political and legal vortex.

The steps, including a conference call with about 100 investors late on Monday in the US, come amid indications from some clients that they might withdraw money from Paulson after a lawsuit brought by the government against Goldman Sachs Group related to an investment created at his firm’s request.

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