Paulson & Co. Buying Distressed Securities

June 12th, 2009
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Paulson & Co. announced that they are attempting to profit from the current financial crisis by buying up distressed debt and mortgage-backed securities.

According to Bloomberg, a senior vice president at Paulson announced that the firm is shifting its focus away from shorting lower quality subprime securitizations to betting on long distressed positions. The firm is particularly targeting the debt of banks and finance companies who have received government assistance.
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For Detailed Investor Profiles on these Investors, click below:
Paulson & Co.
Related People: Andrew Hoine; John Paulson; Mena Gerowin; Mike Barr; Stuart Merzer
Related Entities: Paulson Advantage Master Ltd; Paulson Advantage Plus Master Ltd; Paulson Real Estate Recovery Fund; Paulson Recovery Fund; PCI
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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