Just Paulson Has Seen Better Summers

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The market volatility of last week was not kind to the hedge fund behemoth John Paulson, whose flagship fund was down 34 percent through Friday's close, according to an investor who was briefed on the performance today...Paulson's merger funds are faring considerably better, though still in the red with the enhanced levered fund down 7 percent year to date and the unlevered fund down 3 percent year to date. [CNBC]

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