And after the crash, he formed a fund buying up distressed debt and junk bonds (which did quite well this year). His main investment shown by some filings is a

And after the crash, he formed a fund buying up distressed debt and junk bonds (which did quite well this year). His main investment shown by some filings is a pairs trade of long dollar long gold, which is a very interesting position as noone seems to be taking the long side of both those assets at the same time. Some further reading: http://www.marketfolly.com/2009/06/john-paulsons-43-billion-gold.html http://www.marketfolly.com/2009/06/john-paulsons-43-billion-...