John Paulson to Start Fund to Reduce Clients’ Tax Bills
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Billionaire hedge-fund manager John Paulson, who last month considered a move to Puerto Rico to lower his tax bill, is starting a fund to help investors reduce the amount they owe to the U.S. government.
Paulson’s $18 billion hedge-fund firm invited prospective clients to an April 24 event at Paulson & Co.’s New York offices, where the 57-year-old founder will talk about the Paulson Partners Premium LP Fund, described as a “risk-arbitrage fund for investors looking to mitigate income taxes.” The 75-minute presentation will include a 15-minute discussion of tax-deferred or tax-free investing in the fund, according to the invitation, a copy of which was obtained by Bloomberg News.