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Hedge-fund manager John Paulson apologized to his investors, saying performance at his funds this year is "the worst in the firm's 17-year history."
In his third-quarter letter dated Oct. 28 to investors, Mr. Paulson, who won fame for reaping billions of dollars by betting against the U.S. housing market, said "we are disappointed and apologize."
Two of Paulson & Co.'s largest funds—Advantage Fund and Advantage Plus Fund—posted declines of 29% and 44% this year through October, according to a person familiar with the funds.
Paulson
Apologizes for His Hedge Funds' Performance |
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发表于 2011-11-30 12:30 AM
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