Hedge fund chief John Paulson said he would remain in involved in implementing economic policies of President-elect Donald Trump
Hedge fund chief John Paulson removed himself from consideration as a potential nominee for Treasury secretary by President-elect Donald Trump.
Paulson is the head of Paulson & Co. hedge fund, and is famous for shorting the subprime mortgage market in 2007 ahead of the financial crisis. The Trump donor had predicted that the stock market would crash if Vice President Kamala Harris won the presidential election.Paulson said,"My complex financial obligations would prevent me from holding an official position in President Trump's administration at this time."
"However, I intend to remain actively involved with the President's economic team and helping in the implementation of President Trump's outstanding policy proposals," Paulson said in a statement.The Trump donor, who is the head of Paulson & Co. hedge fund, is famous for having shorted the subprime mortgage market in 2007, a year before the financial crisis.
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