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News Link • Economy - Economics USA

Here's What Happened On John Paulson's Bank Of America Call Yesterday

•, Linette Lopez
 The timing was strategic, of course, as last week, Citigroup announced that it would ending its $410 million relationship with Paulson, whose performance has been dismal to say the least. Paulson's flagship fund, Paulson Advantage was down 36% in 2011.

So you might expect that financial advisers and investors alike would be asking tough questions about how Paulson would be moving forward — about how he might be changing is strategy.

According the Bloomberg Businessweek, that was not the case. Paulson made no mention of his performance on the call. Instead he discussed "various scenarios for gold prices, the euro, and the U.S. economy."

Not that anyone was prompted to expect much from the beginning. The Wall Street Journal reports that Bank of America execs hosting the call got on it 15 minutes late and started the conversation by praising Paulson for his "high quality work" and investment in gold mines.

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