John Paulson (Trades, Portfolio), president and portfolio manager of New York-based Paulson & Co., acquired 14 new stocks in the fourth quarter, according to his portfolio update released Friday. Paulson lost about 42% in his Paulson Partners fund, a merger arbitrage strategy, over the past four years, Bloomberg reported in January. His Paulson Partners Enhanced fund declined 35% in 2017 and 49% in 2016. A perpetual gold bull, he also owns stakes in numerous gold miners, which have not fared well in recent years. Despite the disgruntlement, Paulson left his gold ETF and mining investments untouched during the fourth quarter.

Source: Forbes February 20, 2018 22:18 UTC