{"id":332117,"date":"2010-02-17T17:28:00","date_gmt":"2010-02-17T22:28:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/man-starts-a-fund-designed-to-allow-canadian-investors-to-invest-in-paulson-and-co-2010-2"},"modified":"2010-02-17T17:28:00","modified_gmt":"2010-02-17T22:28:00","slug":"retail-investors-heres-your-chance-to-get-in-on-john-paulsons-hedge-fund-xhmat-tbpunt","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/332117","title":{"rendered":"Retail Investors, Here’s Your Chance To Get In On John Paulson’s Hedge Fund (XHMAT, TBPUNT)"},"content":{"rendered":"

\"John<\/p>\n

Rumor is that a closed-end fund will soon open that will give Canadian investors access to John Paulson’s greatest trades.<\/p>\n

According to the Wall Street Journal<\/a>, the fund’s units will be valued based on the performance of some of the hedge funds managed by Paulson.<\/p>\n

The fund — which is basically a drawbridge allowing investors to overcome accredited investor limitations — will be listed on the Toronto Stock Exchange.<\/p>\n

Strategies like this have not done very well in the past, notes The Journal<\/em>.<\/p>\n

Star Hedge Managers Corp, which is exposed to the funds managed by hedge fund managers Eric Sprott, Rohit Sehgal and Normand Lamarche, raised only C$75 million in an IPO in September 2008. The fund had a C$500 million maximum target.<\/p>\n

And T. Boone Pickens Energy Fund, which gives investors access to T. Boone Pickens’ TBP Investments Management LLC recently listed and only raised C$28.1 million.<\/p>\n

Of course Paulson has gotten arguably more good press<\/a> than all of these managers<\/a> combined, so the odds might be in his favor.<\/a><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n