DealBook – There was a time, not long ago, when the hedge fund manager John A. Paulson seemed to be practically untouchable.
Shuttled from meeting to meeting in a caravan of black S.U.V.’s, Mr. Paulson was living the hedge fund dream — he had made billions with a prescient bet on the collapse of the housing market, and billions more in the following years betting on the increasing value of gold.
