John Paulson Can't Catch A Break

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Paulson made a surprise disclosure in May that he started buying Hewlett-Packard shares during the early part of 2011. His Paulson & Co. hedge fund is hardly known for plowing money into tech stocks, so the buying binge was eye-opening. ... Unfortunately for Paulson and other investors, H-P shares have been clobbered in 2011, even before today’s decline. Based on back of the envelope math, Paulson’s paper loss on H-P is more than $500 million. [Deal Journal]

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