News

April 23, 2018

Keith Danko Quoted in Bloomberg on Paulson's First Loss Bet

First loss is rapidly becoming popular, though many still don't understand its mechanics. Bloomberg reports that John Paulson has signed up with three of the industry's top first-loss providers. Witherspoon Partners Founding Partner Keith Danko shared his thoughts on the topic, as quoted in this Bloomberg headline story from April 23, 2018:

https://www.bloomberg.com/news/articles/2018-04-23/paulson-levers-up-bets-seeking-big-fees-while-risking-his-money