John Paulson: Time to Get Back into Real Estate? - trackseekingalpha

Sign Up | Log In | What is SocialPicks?

John Paulson: Time to Get Back into Real Estate?
May 21, 2009 07:24 AM UTC

trackseekingalpha

Return	Risk
-13.40%	HIGH

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
LEH	n/a

Via Long Investment Ideas from Seeking Alpha:

Fresh off of our unofficial 'John Paulson' day on the blog Wednesday, we're back again to announce that Paulson will be going forward with his Real Estate Recovery fund. The fund will be aimed at investing in distressed assets.

On Wednesday we examined Paulson's equity holdings, and now it looks like he's getting ready to make a splash in other asset classes. The new fund will manage a few hundred million in its initial capacity (though no cap has been set) and will be managed by Mike Barr. Mike was previously at Lehman Brothers (LEH) where he has experience in real estate and private equity. Paulson's initial goal is to run the fund for 7 years, investing in both residential and commercial properties.

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.