Oct
11
Wall Street Firms Gambled on Puerto Rico. They’re Losing.
ByA few days after Hurricane Maria leveled Puerto Rico, John A. Paulson, the billionaire hedge fund manager, boarded his company’s 23-seat Bombardier jet and flew to San Juan.
Mr. Paulson wanted to check personally on several resorts and a large office building that he and his firm own, two people familiar with the trip said. He traveled when commercial air traffic to the devastated island was limited and most private jets landing in San Juan were required to bring badly needed emergency supplies…
Wall Street Firms Gambled on Puerto Rico. They’re Losing.
