Paulson warns investors on volatility
April 26, 2011
Suzy Kenly Waite
The Paulson & Co. founder remains bullish, but says oil prices could derail the recovery in the short term.
John Paulson, whose Advantage fund fell into negative territory for the year after losing 3% in March, warned investors in that fund that they should not expect a smooth ride in the coming months.
Speaking at an event held in Las Vegas earlier this month for investors in his Advantage Fund, the legendary founder of the $36 billion Paulson & Co. told investors they can expect more volatility in the Advantage fund, and those who don’t have an appetite for volatility...
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