(Bloomberg) John Paulson has segregated most of his personal capital from that of outside investors in his hedge funds, setting the stage for a potential spinoff that would transform the billionaire’s advisory firm into a family office.
Paulson & Co. has created what it calls a “side-by-side” management arrangement in which the firm conducts its flagship trading strategies through two separate sets of funds, according to a March regulatory filing. One group serves as proprietary trading vehicles for the 63-year-old founder; the other holds outside capital as well a smaller portion of Paulson’s money.
