Has John Paulson suddenly become dead meat?

The Daily Telegraph writes: John Paulson, the hedge fund manager who made billions betting on a collapse in US house prices, has suffered heavy losses at Sino-Forest, a Chinese timber company, and people are wondering if he still has the magic touch.
John Paulson isn't used to losing money. Anticipating the worst financial crisis since the Great Depression turned him into one of the world's richest men in the space of a year.

And the now legendary Wall Street hedge fund manager has certainly never seen almost half a billion dollars of his fund's money disappear in the murky undergrowth of southern China's forests before. But that's what happened in the last ten days to an investor said to have taken home $5bn (£3.1bn) in profits last year alone….

There’s much more. Find it at http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/8598452/Has-John-Paulson-lost-his-magic-touch.html