Hedge Fund Billionaire John Paulson puts his money on Citigroup

“According to a regulatory filing, Hedge Fund manager John Paulson’s of the $12.5 billion Paulson & Co. bought 300 million shares of Citigroup worth $1.45 billion. This move puts Paulson & Co. alongside other hedge funds such as Appaloosa Management LP who acquired 79.7 million Citigroup shares in the third quarter of 2009.”
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