Hedge Funds

Paulson avoids Sino-Forest questions at Paris confab


Investors were left wondering about the firm’s position regarding the embattled Chinese company.


Paulson’s investor event last week was held in Paris, the City of Light, but his investors were left in the dark about the firm’s battered stake in Sino-Forest, the Chinese tree-plantation company that lost two-thirds of its value in early June after Muddy Waters Research accused the company of fraud.

At the Paris event, held June 7-8, Paulson faced a flurry of questions from investors who wanted to know about the Sino-Forest losses and whether he planned to increase, decrease or eliminate his holdings.

Shares of the Hong Kong-based company closed at $23.51 on