Paulson suffers $2 billion slump in assets
By Britt Erica Tunick
Thu Jul 8, 2010
Redemptions and losses, though offset by a rise in its gold investments, contributed to the drop.
Paulson & Co. was hit with roughly $2 billion in
redemptions at the end of June, an amount some investors found
surprisingly low given its recent losses and lingering
uncertainty about whether the firm might become embroiled in
the Securities and Exchange Commission's charges against
Goldman Sachs for the structuring of a failed mortgage product.
As of July 1, Paulson & Co.'s assets under management had
fallen to $30.9 billion, down...
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