$20 Billion in 3 Credit Trades: How Ackman, Paulson & Elliott Made History (With Exact Mechanics)
Three hedge fund managers. Three distinct credit strategies. Combined profits: $20 billion.
This analysis deconstructs Bill Ackman’s $2.6 billion COVID hedge, John Paulson’s $15 billion subprime CDS trade, and Elliott Management’s $2.4 billion Argentina litigation—drawing from court documents, SEC filings, investor letters, and verified sources.
