# Ulysses

Ulysses is a Single Family Office based in New York, United States.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** New York, United States
- **Region:** North America
- **Address:** New York, NY, United States
- **Founded:** 2016
- **Assets under management:** $1B - $5B (Altss estimate)
- **Website:** ulyssesmanagement.com
- **LinkedIn:** https://www.linkedin.com/company/ulysses-inc

## About

Ulysses is an SEC-registered investment adviser in NEW YORK, NY, registered since 2012. The firm manages approximately $1.4 billion in regulatory assets. It has 23 employees and 8 investment advisers.

## Sectors

- Real Estate
- Private Credit
- Hedge Funds
- Energy Transition & Renewables

## People

- John Paulson — Principal

## Questions

### Who runs investment decisions at Ulysses Management?

John Paulson serves as the principal and primary decision-maker. Paulson founded the predecessor firm Paulson & Co. in 1994 and was the portfolio manager responsible for the firm's historic subprime mortgage short during the 2007–2008 financial crisis. The family office structure centralizes investment authority under his direction, though he is supported by a lean internal team that has largely transitioned from the former hedge fund operation.

### How did John Paulson generate the wealth that Ulysses now manages?

Paulson's wealth originated primarily from his hedge fund Paulson & Co.'s highly concentrated bets against the U.S. subprime mortgage market between 2006 and 2007. Those positions generated an estimated $15 billion in profits across the firm's funds, with Paulson personally earning roughly $4 billion, which stands as one of the largest individual paydays in Wall Street history (public record).

### Does Ulysses Management invest in Puerto Rico?

Yes, Puerto Rico represents a concentrated, high-conviction bet for the firm. John Paulson has been one of the island's most active post-hurricane investors, acquiring a portfolio of luxury hotels including the Condado Vanderbilt, La Concha Resort, and the St. Regis Bahia Beach Resort. He has also invested in real estate development, an automobile dealership, and renewable energy ventures on the island (public record).

### What asset classes does Ulysses focus on?

The firm concentrates on real estate — particularly luxury hospitality and development — private credit, and opportunistic direct private equity. Paulson retains exposure to public equities and event-driven credit strategies through a personal portfolio, reflecting his core competency from the hedge fund era.

### How is Ulysses related to Paulson's philanthropic foundation?

John Paulson's philanthropic activities are conducted through the John A. Paulson Foundation, a legally separate entity. The foundation has made significant gifts to institutions including Harvard University, New York University, and the Central Park Conservancy, but its assets and governance are distinct from the Ulysses Management family office.

## Related profiles

- [United Generations](https://altss.com/profile/united-generations)

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Last updated: 2026-07-06T01:24:27.824Z

Canonical page: https://altss.com/profile/ulysses

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