Paulson & Co. plans troubled bank-focused fund launch
| July 24th, 2008 | ||
| John Paulson, founder of Paulson & Co., is planning to open a new hedge fund by December. The fund will focus on investing in financial firms who are raising capital to offset their losses. Paulson & Co. made significant returns last year through betting against mortgage-backed securities during the sub-prime mortgage crisis. In an environment where many money managers are facing negative returns, investors like Paulson profiting in both declining and rising markets are conspicuous. | ||
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Paulson & Co. |
Related People: Andrew Hoine;
Related Entities: Paulson Advantage Master Ltd;
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