John Paulson, the hedge fund manager who made an estimated $3.7bn (£2.4bn) shorting the US housing market ahead of its collapse, is placing a firm bet on a medium-term property recovery with the launch of a new fund.
Paulson & Co. is in the early stages of raising money for the new fund. In a departure for the firm, which tends to be more focused on running hedge funds, the new venture will be a private equity fund.
Documents recently filed with the Securities and Exchange Commission will allow Paulson & Co. to begin talking to investors about the fund for the first time – with fundraising expected to begin shortly.
For Detail, read the complete story in www.telegraph.co.uk
Paulson & Co. is in the early stages of raising money for the new fund. In a departure for the firm, which tends to be more focused on running hedge funds, the new venture will be a private equity fund.
Documents recently filed with the Securities and Exchange Commission will allow Paulson & Co. to begin talking to investors about the fund for the first time – with fundraising expected to begin shortly.
For Detail, read the complete story in www.telegraph.co.uk
