Paulson & Co, the giant US hedge fund, has warned in a "worst case" scenario it could suffer redemptions equivalent to between a fifth and a quarter of its assets by the end of the year.
In a Q3 call with investors yesterday, John Paulson tried to play down concerns about the future of his $30bn hedge fund after heavy losses in recent months, the Financial Times reports. According to several people on the call, Paulson spoke of his "100 per cent" commitment to continue to run his funds. He also said he would not charge fees on further investments by existing investors across his range of funds until they had regained their losses, the FT reports. The hedge fund veteran has taken a big performance hit in 2011 with his flagship Advantage Plus fund down 47% for the ye...
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