Masters of Their Universe -- Again

Greenberg, Duncan
April 2010
Forbes Asia;2010 Special Issue, Vol. 6 Issue 4, p79
The article presents information on billionaires John Paulson and David Tepper. Paulson became a billionaire in 2007 shorting the lowliest tranches of subprime mortgages. Paulson and Tepper are among 21 hedge fund billionaires who, as a group, recouped their losses from the 2008 financial crises. It is stated that their funds returned 34% on average last year net of fees for a two-year annualized gain of 11 %.


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