Good news, John Paulson to offer tax loss fund

[prc117f]

Need to lower your tax bracket, he will lose money for you and charge you a small performance fee for it.

http://www.bloomberg.com/news/2013-04-11/john-paulson-to-start-fund-to-reduce-clients-tax-bills.html


“He seems to be more focused on avoiding income taxes than on generating returns for his investors,” said Brad Alford, head of Atlanta-based Alpha Capital Management LLC, who runs a mutual fund of funds that invests in hedge funds. “It gives billionaires a bad name.”

 

[nazzdack]

Quote from prc117f:
----Brad Alford, head of Atlanta-based Alpha Capital Management LLC....
----who runs a mutual fund of funds that invests in hedge funds.
----a bad name.

1) What a douche. Why doesn't he just buy the SPY?
2) He gives everbody a "bad" name. :eek: