Banks - World's best money manager makes huge bet on this sector

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World's best money manager makes huge bet on this sector

Thursday, August 13, 2009
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From 24/7 Wall St.:

John Paulson has been well known as a hedge fund manager because of the profits he made from short selling many of the key financial stocks. Yet his new filing shows a large long position as of the quarter-end June 30, 2009.

For example, it lists a huge stake in Bank of America Corp. (NYSE: BAC).

There were many smaller company stakes, but some of the medium-sized stakes (for Paulson that is) are in Capital One Financial Corp. (NYSE: COF), Goldman Sachs Group Inc. (NYSE: GS), and JPMorgan Chase & Co. (NYSE: JPM). Below are the rest of his financial holdings:

Read full article...

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Billionaire guru Paulson makes another big real estate bet

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Billionaire hedge fund manager explains trade with 100% upside and only 1% downside

Topics:		Banks \| Hedge Funds \| Stocks

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