John Paulson’s Jan 2018 fund report on GSE. It seems like he is still optimistic about this investment.
Here is his fund report on Jan 2018 (Paulson_fund_Jan_2018) – The government-sponsored enterprises (GSEs) were the largest contributor to performance after it was reported that senators Bob Corker and Mark Warner have been working on a reform bill that would preserve Fannie Mae and Freddie Mac. Reportedly, the plan would be positive for preferred shareholders, and our securities rallied 30% on the news. Another good development was the US tax reform bill’s passing, which was the prerequisite Treasury
Secretary Mnuchin cited before focusing on GSE reform. The Federal Housing Finance Agency and US Treasury Department also reached an agreement to allow the entities to retain capital buffers of $3bn apiece, marking the first changes to their bailout arrangements in five years. We believe restoring the GSEs is in the interest of US tax
payers and the housing market, and anticipate a positive outcome this year.
About Timeless Investor
My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
TimelessInvestor
John Paulson’s Jan 2018 fund report on GSE
John Paulson’s Jan 2018 fund report on GSE. It seems like he is still optimistic about this investment.
Here is his fund report on Jan 2018 (Paulson_fund_Jan_2018) – The government-sponsored enterprises (GSEs) were the largest contributor to performance after it was reported that senators Bob Corker and Mark Warner have been working on a reform bill that would preserve Fannie Mae and Freddie Mac. Reportedly, the plan would be positive for preferred shareholders, and our securities rallied 30% on the news. Another good development was the US tax reform bill’s passing, which was the prerequisite Treasury
Secretary Mnuchin cited before focusing on GSE reform. The Federal Housing Finance Agency and US Treasury Department also reached an agreement to allow the entities to retain capital buffers of $3bn apiece, marking the first changes to their bailout arrangements in five years. We believe restoring the GSEs is in the interest of US tax
payers and the housing market, and anticipate a positive outcome this year.
About Timeless Investor
My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.