John Paulson's Fall From Hedge Fund Stardom

John A. Paulson is one of the best-known names in the hedge fund industry. But these days, Mr. Paulson is having more success in the political realm than he is managing his business.

Mr. Paulson, 61, was one of the first people on Wall Street to back Donald J. Trump's bid for the presidency. He counseled Mr. Trump on economic matters during the campaign. He gave $250,000 to Mr. Trump's inaugural committee. And he recently visited President Trump at the White House for a “C.E.O. Town Hall.”