Paulson plans fund to benefit from Wall Street recapitalization

Thu Jul 24, 2008



John Paulson, founder of the wildly successful $33 billion Paulson & Co., is planning to begin trading a new fund, possibly as early as the fourth quarter, to profit from the significant recapitalizations of Wall Street banks.

Many major financial institutions, including Citi and Merrill Lynch, are reeling from exposure to the...

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