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Hardly hedging
Last Updated: 12:46 AM, December 27, 2012
Posted: 12:43 AM, December 27, 2013

Hardly hedging

John Paulson, the hedge fund manager who made a fortune during the downturn but more recently blamed a bad 2012 performance on Europe, didn’t let that stop him giving friends holiday gifts from Thomas Pink of Jermyn Street, London. We’re told restaurateurNello Balan was amazed when Paulson dropped off a dozen Pink shirts on Christmas Eve. It’s not all bad for Paulson — a witness tells us, “The two had a Champagne toast to the new year before Paulson hopped his jet with his wife, Jenny, and daughters to his mansion in Aspen that he recently purchased from Saudi Prince Bandar bin Sultan at a fire-sale price of $49 million, which included two properties that might have fetched $150 million in 2006.”