You're right on the money! John Paulson, the founder of Paulson & Co. had a crappy year in 2011 with some of his hedge funds losing between 30% and 50%, according to AR Magazine.
Not surprisingly, that means a lower payout for Paulson.
The legendary investor, who famously bet against the subprime housing market in 2007, fell off AR Magazine's annual so-called "Rich List", which surveys top-earning hedge fund managers….
Read more: http://www.businessinsider.com/john-paulson-did-so-poorly-last-year-that-he-lost-3-billion-from-his-personal-pay-2012-3
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