Paulson to Decide on Switching to Family Office in Two Years
- Billionaire may decide to convert the fund within two years
- Assets at firm have slumped about three-quarters since 2011
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Billionaire John Paulson said publicly for the first time he may convert his hedge fund into a firm that solely manages his fortune, joining other high-profile names who made the change.
Paulson, 63, said he will probably make a decision over the next couple of years. He may run a hybrid business, with one part managing his money and the other running client capital with a profit-sharing arrangement with his partners, Paulson said in an interview on Mike Samuels’ “According to Sources” podcast.