"Don't focus on weekly or monthly returns,"
Paulson told attendees at the fifth annual Skybridge Alternatives Conference,
adding clients should not micro-manage their fund managers but find someone
they like and stick with them for the long term, the people who heard the
comments said.
Paulson was being interviewed by Anthony Scaramucci, who
founded SkyBridge Capital and is a large investor with Paulson's Recovery Fund.
Scaramucci asked little about Paulson's
current gold troubles, prompting one money manager to fume: "It was such a
softball interview."
Paulson preferred to focus on his best performing vehicle --
the Paulson Recovery fund -- which has gained 22 percent this year and through
which Paulson owns the MGM Resorts International, which owns the Bellagio Hotel
where the conference is taking place…..
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