Bank Of America All Of A Sudden Too Good For John Paulson
You make a couplea bets on floundering economies and all of a sudden clients want nothing to do with you.
The billionaire investor John A. Paulson is having a rocky year. And at least one major investor may have had enough. The wealth management arm of Bank of America Merrill Lynch is liquidating its clients’ money from one of Paulson & Company’s funds and has put another fund under “heightened review,” according to two people with knowledge of the hedge fund.
Bank of America Starts to Pull Clients’ Money Out of a Paulson Fund [Dealbook]