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The article discusses the poor performance during 2011 of funds managed by billionaire John Paulson's hedge-fund company Paulson & Co. One fund that concentrates on gold declined over 16% in value during September 2011. A second fund designed to benefit from an improving U.S. economy has fallen over 30% in 2011. A third fund has declined 47%.

The article focuses on financier John Paulson, head of the hedge fund company Paulson & Co. Paulson's reaction to severe 2011 business losses in the largest funds operated by his company is examined, particularly a contrast between his admission to investors that he had made mistakes in investment decisions and his defense of his optimistic economic forecasting for the U.S. which was the fundamental basis of those decisions.

The article discusses how several prominent hedge-fund managers have performed during a stock-market decline in August 2011. The main fund of Ray Dalio's Bridgewater Associates LP has gained about 5% during the month, while Bruce Kovner's Caxton Associates has seen its investments rise 2.6%. Funds managed by John Paulson's Paulson & Co. have fallen a collective 9%.

The article discusses prominent U.S. money managers whose investments in Chinese stocks have not gone well. Hedge-fund manager John Paulson's company owns a 14% stake in tree-plantation company Sino-Forest Corp., whose shares have declined in the wake of allegations about flawed accounting. Mutual-fund company Fidelity is one of several large U.S. investors in financial-technology firm Longtop Financial Technologies Ltd. whose shares fell suspicions of accounting irregularities.

The article reports on efforts by hedge-fund manager John Paulson to minimize his exposure to gold including reducing his holdings in SPDR Gold Trust and cutting his shares in some financial stocks.

The article reports on the plan of New York hedge fund manager John Paulson to sell stocks of auto parts maker Delphi Automotive PLC amounting to 580 million U.S. dollars in an initial public offering (IPO) in 2011.

The article reports that hedge funds, brokers, and other investors are positioning themselves to take advantage of poorly performing assets held by hedge-fund manager John Paulson's Paulson & Co. Some funds have sold assets they hold in common with Paulson out of fear Paulson will be forced to sell to raise cash. Paulson has reportedly turned down low-priced offers he has received for some of his holdings including bonds in defunct investment bank Lehman Brothers Holdings Inc..