After profiting hugely from shorting financial stocks last year as the sector tanked, hedge fund guru John Paulson has been buying up beaten-down financials this summer. Paulson has bought a stake of about 2% in Citigroup, the New York Post reports, citing sources. “One source said that Paulson sees Citi’s shares trading closer to its [...]
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Tag Archives: John Paulson
’08 Winners See Opportunities Now, Economic Troubles Ahead
July 7, 2009
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Several strategists who produced big returns during the downturn, including George Soros and John Paulson, are seeing tough times ahead for the economy — but opportunities in the market right now. According to The Wall Street Journal, Soros is bullish on stocks in Brazil, China, and India. Corporate profits will likely not be as high [...]
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