Globe and Mail – As the managing partner of one of North America’s larger hedge funds, John Paulson typically shuns the spotlight, preferring to quietly exploit arbitrage opportunities to keep aheadof the investing pack.<\/p>\n
When the choice is a public fight or a private beating, Mr. Paulson is prepared to engage in some high-profile corporate pugilism, keeping in mind a favourite quote from Sir Winston Churchill: “Never give up, never give up, never give up.”<\/p>\n
His company, Paulson & Co. Inc.<\/strong>, is currently battling the board of directors and management at Sault Ste. Marie’s Algoma Steel Inc.<\/strong>, where it is the largest shareholder with a 19-per-cent stake.<\/p>\n Sixteen months after buying into Algoma, with the hope of profiting from a takeover bid for the steel company, Mr. Paulson is frustrated by the lack of a payoff and openly derisive of the current management and board of directors for failing to build shareholder value.<\/p>\n