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Chairman Waxman, Ranking Member Davis and Members of the Committee, thank you
for inviting me to appear and for holding important hearings on the origins of the present
financial market challenges in the United States.
Paulson & Co. Inc. is an investment advisory firm that was founded in 1994 and has been
registered with the Securities and Exchange Commission since 2004. We currently manage
assets of approximately $36 billion using event-driven strategies. We are based in New York
and also have offices in London and Hong Kong. We have approximately seventy employees.
Prior to founding the firm, I was a Managing Director in Mergers & Acquisitions at Bear
Stearns. I am a summa cum laude graduate from New York University and graduated with high
distinction, as a Baker Scholar, from Harvard Business School in 1980.
John Paul Son